Coca-Cola HBC (OTCMKTS:CCHGY) Hits New 52-Week High – What’s Next?

Coca-Cola HBC AG (OTCMKTS:CCHGY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $44.85 and last traded at $44.85, with a volume of 4798 shares. The stock had previously closed at $44.43.

Analysts Set New Price Targets

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

Coca-Cola HBC Trading Up 0.9 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.91 and a current ratio of 1.14. The stock’s 50 day simple moving average is $37.29 and its two-hundred day simple moving average is $36.26.

Coca-Cola HBC Company Profile

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.