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

Key Points

• Coca-Cola HBC's share price fell below its 200-day moving average of GBX 3,780.40, trading as low as GBX 3,270 during the day.
• Analysts remain optimistic about the stock, with four analysts rating it as a "Buy" and an average price target of GBX 4,104.50.
• Insider Zoran Bogdanovic recently purchased 882 shares at an average cost of GBX 3,944, indicating insider confidence in the company's future performance.

Coca-Cola HBC AG (LON:CCH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,780.40 ($50.96) and traded as low as GBX 3,270 ($44.08). Coca-Cola HBC shares last traded at GBX 3,328 ($44.86), with a volume of 593,798 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on CCH shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 4,400 target price on shares of Coca-Cola HBC in a report on Thursday, August 7th. Berenberg Bank reiterated a "buy" rating and issued a GBX 4,068 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft increased 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. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating 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 MarketBeat, Coca-Cola HBC currently has an average rating of "Buy" and an average target price of GBX 4,104.50.

Coca-Cola HBC Stock Down 0.5%

The stock has a market capitalization of £12.04 billion, a P/E ratio of 1,319.52, 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. The firm's fifty day moving average is GBX 3,732.99 and its 200-day moving average is GBX 3,780.40.

Insider Activity at Coca-Cola HBC

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

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.

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