Coca-Cola HBC (OTCMKTS:CCHGY) Hits New 1-Year High – Should You Buy?

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares hit a new 52-week high on Tuesday . The stock traded as high as $42.14 and last traded at $42.11, with a volume of 28745 shares changing hands. The stock had previously closed at $41.73.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCHGY shares. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 27th. Kepler Capital Markets started coverage on Coca-Cola HBC in a report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein started coverage on Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The company’s 50-day moving average price is $35.60 and its 200 day moving average price is $35.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.91.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.