Coca-Cola HBC (LON:CCH) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

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.

Shares of Coca-Cola HBC AG (LON:CCH - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,758.78 ($50.88) and traded as low as GBX 3,700 ($50.08). Coca-Cola HBC shares last traded at GBX 3,706 ($50.16), with a volume of 369,525 shares changing hands.

Wall Street Analysts Forecast Growth

CCH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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. Berenberg Bank reissued a "buy" rating and set a GBX 4,068 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 4,400 price objective 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 MarketBeat, Coca-Cola HBC has a consensus rating of "Buy" and an average target price of GBX 4,104.50.

Coca-Cola HBC Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. The company has a market cap of £13.48 billion, a PE ratio of 1,477.29, a P/E/G ratio of 1.03 and a beta of 0.94. The stock's 50 day simple moving average is GBX 3,879.96 and its two-hundred day simple moving average is GBX 3,758.78.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic purchased 882 shares of the business's stock in a transaction on Thursday, July 17th. The shares were bought at an average price of GBX 3,944 per share, with a total value of £34,786.08. 99.20% of the stock is currently owned by corporate insiders.

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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