Coca Cola HBC (LON:CCH) Share Price Crosses Above Fifty Day Moving Average of $2,754.70

Coca Cola HBC AG (LON:CCH)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2,754.70 and traded as high as $2,720.00. Coca Cola HBC shares last traded at $2,658.00, with a volume of 690,167 shares trading hands.

CCH has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of Coca Cola HBC in a report on Monday, August 19th. Shore Capital restated an “under review” rating on shares of Coca Cola HBC in a report on Thursday, August 8th. Barclays reaffirmed an “overweight” rating and issued a GBX 3,300 ($43.12) price target on shares of Coca Cola HBC in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Coca Cola HBC in a research note on Tuesday, June 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,000 ($39.20) price target on shares of Coca Cola HBC in a research note on Thursday, August 1st. Five analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of GBX 3,070 ($40.11).

The company has a market capitalization of $9.83 billion and a PE ratio of 18.90. The company has a 50 day moving average of GBX 2,752.74 and a two-hundred day moving average of GBX 2,745.13. The company has a debt-to-equity ratio of 120.05, a current ratio of 0.94 and a quick ratio of 0.78.



In other news, insider Zoran Bogdanovic purchased 153 shares of Coca Cola HBC stock in a transaction that occurred on Wednesday, July 17th. The shares were bought at an average cost of GBX 2,742 ($35.83) per share, with a total value of £4,195.26 ($5,481.85). Over the last ninety days, insiders purchased 453 shares of company stock worth $1,264,344.

An institutional investor recently bought a new position in Coca Cola HBC stock. Toronto Dominion Bank bought a new stake in shares of Coca Cola HBC AG (LON:CCH) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,974 shares of the company’s stock, valued at approximately $996,000.

Coca Cola HBC Company Profile (LON:CCH)

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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