Coca-Cola HBC AG (LON:CCH) Receives GBX 5,315.60 Consensus Target Price from Analysts

Shares of Coca-Cola HBC AG (LON:CCH – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 5,315.60.

A number of equities research analysts have recently commented on CCH shares. Berenberg Bank upped their target price on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup boosted their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a research report on Tuesday, May 5th.

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Coca-Cola HBC Trading Up 0.1%

Shares of Coca-Cola HBC stock opened at GBX 4,570 on Friday. Coca-Cola HBC has a 1 year low of GBX 3,270 and a 1 year high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The company has a market capitalization of £16.66 billion, a P/E ratio of 17.64, a PEG ratio of 1.03 and a beta of 0.55. The company’s fifty day moving average is GBX 4,827.67 and its two-hundred day moving average is GBX 4,555.47.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic purchased 120 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of GBX 4,553 per share, with a total value of £5,463.60. Insiders purchased a total of 126,904 shares of company stock worth $582,652,734 in the last three months. 95.72% of the stock is owned by corporate insiders.

Coca-Cola HBC Company Profile

(Get Free Report)

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 760 million consumers across a broad geographic footprint of 29 countries.

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