Coca-Cola HBC (OTCMKTS:CCHGY) Sets New 12-Month High – Here’s Why

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Kepler Capital Markets assumed coverage on Coca-Cola HBC in a research note on Thursday, December 5th. They issued a “hold” rating on the stock. Berenberg Bank raised shares of Coca-Cola HBC to a “strong-buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Coca-Cola HBC Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $41.69 and a 200 day simple moving average of $37.42.

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.