Coca-Cola HBC (LON:CCH) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Coca-Cola HBC AG shares have fallen below their 200-day moving average, trading at GBX 3,706 compared to the moving average of GBX 3,758.78.
• Multiple analysts have issued price upgrades for Coca-Cola HBC, with a consensus target price of GBX 4,104.50 and a majority rating of "Buy."
• Insider Zoran Bogdanovic recently purchased 882 shares, indicating strong insider confidence, as corporate insiders own 99.20% of the stock.

Coca-Cola HBC AG (LON:CCH - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,758.78 ($51.31) and traded as low as GBX 3,700 ($50.51). Coca-Cola HBC shares last traded at GBX 3,706 ($50.59), with a volume of 369,525 shares traded.

Wall Street Analysts Forecast Growth

CCH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Berenberg Bank reiterated a "buy" rating and issued a GBX 4,068 target price on shares of Coca-Cola HBC in a research report on Wednesday, August 6th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 4,400 price target on shares of Coca-Cola HBC in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reissued 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, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 4,104.50.

Coca-Cola HBC Price Performance

The business's 50 day moving average price is GBX 3,857.36 and its two-hundred day moving average price is GBX 3,769.88. The stock has a market cap of £13.08 billion, a P/E ratio of 1,433.47, a price-to-earnings-growth 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 at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 882 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were purchased at an average price of GBX 3,944 per share, with a total value of £34,786.08. 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.