Coca-Cola HBC (LON:CCH) Reaches New 52-Week High – Should You Buy?

Coca-Cola HBC AG (LON:CCH) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 3,844 ($51.56) and last traded at GBX 3,838 ($51.48), with a volume of 988764 shares trading hands. The stock had previously closed at GBX 3,798 ($50.94).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,650 ($48.95) price target on shares of Coca-Cola HBC in a report on Friday, March 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 3,150 ($42.25).

Coca-Cola HBC Stock Up 2.4 %

The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The firm has a market cap of £16.63 billion, a PE ratio of 26.57, a PEG ratio of 1.03 and a beta of 0.94. The stock has a fifty day moving average price of GBX 3,515.38 and a 200-day moving average price of GBX 3,052.87.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic purchased 138,810 shares of Coca-Cola HBC stock in a transaction that occurred on Monday, February 17th. The shares were purchased at an average cost of GBX 3,231 ($43.33) per share, with a total value of £4,484,951.10 ($6,015,224.11). In the last quarter, insiders bought 269,049 shares of company stock worth $898,220,443. 47.16% of the stock is currently owned by company 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 750 million consumers across a broad geographic footprint of 29 countries.