Coca Cola HBC (LON:CCH) Share Price Crosses Below 200 Day Moving Average of $2,687.63

Shares of Coca Cola HBC AG (LON:CCH) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2,687.63 and traded as low as $2,476.00. Coca Cola HBC shares last traded at $2,500.00, with a volume of 2,165,971 shares changing hands.

CCH has been the topic of a number of recent research reports. Barclays reissued an “overweight” rating and issued a GBX 3,300 ($43.12) target price on shares of Coca Cola HBC in a report on Tuesday, October 8th. Shore Capital reissued an “under review” rating on shares of Coca Cola HBC in a report on Wednesday, November 13th. Credit Suisse Group increased their target price on Coca Cola HBC from GBX 3,000 ($39.20) to GBX 3,050 ($39.85) and gave the company an “outperform” rating in a report on Wednesday, November 27th. Deutsche Bank lowered their target price on Coca Cola HBC from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca Cola HBC in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of GBX 3,064.17 ($40.04).

The firm has a 50 day moving average price of GBX 2,433.70 and a 200 day moving average price of GBX 2,687.63. The company has a quick ratio of 0.78, a current ratio of 0.94 and a debt-to-equity ratio of 120.05. The stock has a market cap of $9.06 billion and a P/E ratio of 17.45.

In related news, insider Zoran Bogdanovic acquired 161 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were purchased at an average price of GBX 2,437 ($31.84) per share, with a total value of £3,923.57 ($5,126.84). Insiders bought 473 shares of company stock worth $1,186,791 in the last ninety days.

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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