Coca-Cola HBC (LON:CCH) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Coca-Cola HBC shares fell below their 200-day moving average, reaching GBX 4,456 compared with the average of GBX 4,550.46, signaling recent technical weakness.
• Analysts remain broadly optimistic, with five Buy ratings and one Hold rating. The consensus target price is GBX 5,315.60, implying potential upside from the reported trading level.
• The company has a £16.19 billion market capitalization and a price-to-earnings ratio of 17.15; insiders have also purchased shares recently, suggesting some internal confidence despite the price decline.

Coca-Cola HBC AG (LON:CCH - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,550.46 and traded as low as GBX 4,456. Coca-Cola HBC shares last traded at GBX 4,456, with a volume of 428,261 shares changing hands.

Wall Street Analysts Forecast Growth

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

Coca-Cola HBC Stock Down 0.3%

The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The business's fifty day simple moving average is GBX 4,783.50 and its two-hundred day simple moving average is GBX 4,550.46. The company has a market cap of £16.19 billion, a PE ratio of 17.15, a PEG ratio of 1.03 and a beta of 0.54.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 120 shares of the business's stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of GBX 4,553 per share, for a total transaction of £5,463.60. Insiders purchased 126,904 shares of company stock valued at $582,652,734 in the last three months. 95.72% of the stock is owned by 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 760 million consumers across a broad geographic footprint of 29 countries.

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