Coca-Cola HBC (LON:CCH) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Coca-Cola HBC's share price recently dropped below its 200-day moving average, trading at GBX 3,574.27 compared to a moving average of GBX 3,770.21.
• Several analysts have reaffirmed a "buy" rating for Coca-Cola HBC, with target prices ranging from GBX 4,068 to GBX 4,400, indicating strong potential for future growth.
• Insider Zoran Bogdanovic purchased 150 shares at GBX 3,603, highlighting continued insider confidence in the company's prospects.

Coca-Cola HBC AG (LON:CCH - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,770.21 ($50.96) and traded as low as GBX 3,566 ($48.20). Coca-Cola HBC shares last traded at GBX 3,574.27 ($48.31), with a volume of 489,255 shares changing hands.

Wall Street Analysts Forecast Growth

CCH has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 4,400 price target on shares of Coca-Cola HBC in a report on Thursday, August 7th. Berenberg Bank restated a "buy" rating and issued a GBX 4,068 target price on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 4,104.50.

Coca-Cola HBC Stock Performance

The stock has a 50-day moving average of GBX 3,831.17 and a 200 day moving average of GBX 3,778.36. The firm has a market capitalization of £13.07 billion, a P/E ratio of 1,432.67, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 150 shares of the stock in a transaction dated Wednesday, September 17th. The stock was bought at an average cost of GBX 3,603 per share, for a total transaction of £5,404.50. Insiders own 99.20% of the company's stock.

About Coca-Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 750 million consumers across a broad geographic footprint of 29 countries.