Coca Cola HBC (CCH) Hits New 12-Month High at $2,842.00
Coca Cola HBC AG (LON:CCH) reached a new 52-week high on Thursday . The company traded as high as GBX 2,842 ($37.14) and last traded at GBX 2,842 ($37.14), with a volume of 511185 shares traded. The stock had previously closed at GBX 2,795 ($36.52).
A number of research firms recently weighed in on CCH. Shore Capital restated an “under review” rating on shares of Coca Cola HBC in a report on Thursday, May 2nd. UBS Group restated a “buy” rating and issued a GBX 2,800 ($36.59) price target on shares of Coca Cola HBC in a report on Thursday, May 2nd. Deutsche Bank upped their price target on Coca Cola HBC from GBX 3,150 ($41.16) to GBX 3,200 ($41.81) and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Coca Cola HBC in a report on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of GBX 2,978 ($38.91).
The firm has a market capitalization of $10.31 billion and a price-to-earnings ratio of 19.83. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 51.48.
In other news, insider Zoran Bogdanovic purchased 140 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of GBX 2,629 ($34.35) per share, for a total transaction of £3,680.60 ($4,809.36). In the last 90 days, insiders purchased 947 shares of company stock worth $2,513,342.
A number of large investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new stake in Coca Cola HBC during the 1st quarter valued at $996,000. Bank of Montreal Can acquired a new stake in Coca Cola HBC during the 1st quarter valued at $4,473,000. Finally, California Public Employees Retirement System acquired a new stake in Coca Cola HBC during the 4th quarter valued at $303,000.
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About Coca Cola HBC (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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