Coca-Cola HBC (LON:CCH) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (LON:CCH) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,774.48 and traded as low as GBX 3,432. Coca-Cola HBC shares last traded at GBX 3,450, with a volume of 2,320,096 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,400 target price on shares of Coca-Cola HBC in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the company a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, August 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 4,068 target price on shares of Coca-Cola HBC in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 4,104.50.

Coca-Cola HBC Price Performance

The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The firm has a market cap of £12.56 billion, a P/E ratio of 13.76, a PEG ratio of 1.03 and a beta of 0.94. The stock’s 50-day simple moving average is GBX 3,573.55 and its two-hundred day simple moving average is GBX 3,774.48.

Insiders Place Their Bets

In other news, insider Pantelis Lekkas acquired 10,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were acquired at an average price of GBX 3,450 per share, for a total transaction of £345,000. Also, insider Zoran Bogdanovic acquired 154 shares of the business’s stock in a transaction on Friday, October 17th. The shares were purchased at an average price of GBX 3,546 per share, for a total transaction of £5,460.84. Insiders have acquired 10,304 shares of company stock worth $35,586,534 in the last quarter. Company insiders own 99.20% 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 750 million consumers across a broad geographic footprint of 29 countries.