Coca-Cola HBC (LON:CCH) shares touch 52-week high, topping analyst estimates
Coca-Cola HBC AG finished Thursday at 5,140p, climbing 3.67%. That put shares at the top of their 52-week range and ahead of the FTSE 100, which added 1.67% to 10,652.9. The bottler’s gain was double the index’s move, and landed without any new sales news. Valuation looks stretched. CCH at 5,140p trades almost 10% over the Investing.com average 12-month target of 4,680.1. Only the top target of 5,460 is much above Thursday’s close.