Coca-Cola HBC (LON:CCH) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Coca-Cola HBC shares fell below their 200-day moving average, reaching GBX 4,542 before last trading at GBX 4,594, signaling potential technical weakness.
• Analysts remain broadly positive: five rate the stock “Buy” and one “Hold,” giving it a “Moderate Buy” consensus and an average price target of GBX 5,315.60.
• The company has a £16.74 billion market capitalization and a P/E ratio of 17.74, while insiders reportedly own 95.72% of the shares and have made significant purchases in the past 90 days.

Coca-Cola HBC AG (LON:CCH - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,557.93 and traded as low as GBX 4,542. Coca-Cola HBC shares last traded at GBX 4,594, with a volume of 968,977 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCH. UBS Group reissued a "buy" rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Berenberg Bank upped their price objective on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a "buy" rating in a research note on Thursday, August 6th. Citigroup increased their target price on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a "neutral" rating in a report on Friday, July 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC presently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,315.60.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a 50 day moving average of GBX 4,825.83 and a 200 day moving average of GBX 4,557.93. The stock has a market capitalization of £16.74 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.03 and a beta of 0.55.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic bought 120 shares of Coca-Cola HBC stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of GBX 4,553 per share, with a total value of £5,463.60. In the last 90 days, insiders have bought 126,904 shares of company stock valued at $582,652,734. Company insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.

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