Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 12-Month High – Should You Buy?

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.97 and last traded at $45.90, with a volume of 1163 shares. The stock had previously closed at $45.40.

Analysts Set New Price Targets

CCHGY has been the topic of a number of analyst reports. Kepler Capital Markets initiated coverage on Coca-Cola HBC in a research report on Thursday, December 5th. They issued a “hold” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a report on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola HBC currently has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Stock Up 1.1 %

The stock has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $37.23. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02.

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.