Coca-Cola HBC (LON:CCH) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Coca-Cola HBC shares fell below their 200-day moving average, reaching GBX 4,208 and last trading at GBX 4,236, down 0.4%. This technical signal may concern investors, but it does not by itself determine whether the stock should be sold.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and an average price target of GBX 5,326.60—well above the recent share price.
• Insiders have continued buying shares, including a purchase of 4,750 shares by insider Zoran Bogdanovic for approximately £202,778. The company has a £15.44 billion market capitalization and operates as a Coca-Cola bottling partner across 29 countries.

Coca-Cola HBC AG (LON:CCH - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 4,518.72 and traded as low as GBX 4,208. Coca-Cola HBC shares last traded at GBX 4,236, with a volume of 368,352 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a "buy" rating in a report on Wednesday, September 16th. Citigroup lifted their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a "neutral" rating in a research report on Friday, July 3rd. Berenberg Bank upped their price objective on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a "buy" rating in a report on Tuesday, September 29th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 5,500 price objective on shares of Coca-Cola HBC in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,326.60.

Coca-Cola HBC Stock Down 0.4%

The stock has a 50-day moving average of GBX 4,566.72 and a 200-day moving average of GBX 4,518.72. 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 firm has a market cap of £15.44 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 1.03 and a beta of 0.54.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 4,750 shares of Coca-Cola HBC stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of GBX 4,269 per share, with a total value of £202,777.50. In the last ninety days, insiders acquired 5,107 shares of company stock worth $21,961,589. Corporate insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.

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