Coca-Cola HBC (LON:CCH) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Coca-Cola HBC AG's stock dipped below its 200-day moving average of GBX 3,777.84, trading at a low of GBX 3,580 on Friday.
• The company has received multiple buy ratings from analysts, with a consensus target price of GBX 4,104.50, indicating potential upside from current levels.
• Insider Zoran Bogdanovic purchased shares at GBX 3,944 recently, highlighting strong insider confidence in the company's future performance.

Coca-Cola HBC AG (LON:CCH - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,777.84 ($50.63) and traded as low as GBX 3,580 ($47.98). Coca-Cola HBC shares last traded at GBX 3,618 ($48.49), with a volume of 286,497 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Berenberg Bank reissued a "buy" rating and set a GBX 4,068 price target on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Coca-Cola HBC in a report on Thursday, August 7th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 4,400 price objective on shares of Coca-Cola HBC in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola HBC presently has an average rating of "Buy" and a consensus target price of GBX 4,104.50.

Coca-Cola HBC Trading Up 0.3%

The stock has a 50 day simple moving average of GBX 3,803.29 and a 200-day simple moving average of GBX 3,777.84. The firm has a market capitalization of £13.15 billion, a P/E ratio of 1,441.43, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31.

Insider Buying and Selling

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 882 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were bought at an average cost of GBX 3,944 per share, with a total value of £34,786.08. Corporate insiders own 99.20% of the company's stock.

Coca-Cola HBC Company Profile

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.

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