Coca-Cola HBC (LON:CCH) Reaches New 12-Month High – Still a Buy?

Coca-Cola HBC AG (LON:CCH)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 3,544 ($46.02) and last traded at GBX 3,538.53 ($45.95), with a volume of 605740 shares changing hands. The stock had previously closed at GBX 3,512 ($45.60).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,650 ($47.40) target price on shares of Coca-Cola HBC in a research report on Friday, March 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,150 ($40.90).

Coca-Cola HBC Stock Up 0.6 %

The business has a 50-day simple moving average of GBX 3,242.80 and a 200-day simple moving average of GBX 2,929.90. The company has a market cap of £15.42 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic bought 138,810 shares of Coca-Cola HBC stock in a transaction dated Monday, February 17th. The stock was bought at an average price of GBX 3,231 ($41.96) per share, for a total transaction of £4,484,951.10 ($5,823,855.47). Insiders have purchased 268,297 shares of company stock worth $895,247,017 in the last ninety days. 47.16% of the stock is owned by corporate insiders.

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 740 million consumers across a broad geographic footprint of 29 countries.