Coca-Cola HBC’s (CCH) Buy Rating Reaffirmed at Jefferies Financial Group

Coca-Cola HBC (LON:CCH – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 5,500 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.59% from the company’s previous close.

Several other brokerages also recently commented on CCH. Berenberg Bank raised Coca-Cola HBC to a “buy” rating and boosted their target price for the company from GBX 4,068 to GBX 5,007 in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 price target on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Finally, Citigroup increased their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a report on Friday, July 3rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,980.40.

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Coca-Cola HBC Stock Up 4.0%

Shares of LON CCH traded up GBX 192.64 during trading on Wednesday, hitting GBX 5,018.64. 1,560,319 shares of the company traded hands, compared to its average volume of 8,159,346. The firm has a market capitalization of £18.29 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.03 and a beta of 0.54. The business’s fifty day moving average is GBX 4,740.01 and its 200 day moving average is GBX 4,474.92. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.80 and a current ratio of 1.19. Coca-Cola HBC has a fifty-two week low of GBX 3,270 and a fifty-two week high of GBX 5,195.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 126,674 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of GBX 4,591 per share, with a total value of £5,815,603.34. Insiders have acquired a total of 126,916 shares of company stock worth $582,653,646 in the last 90 days. Corporate insiders own 95.72% of the company’s stock.

About Coca-Cola HBC

(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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