Coca-Cola HBC (LON:CCH) Given New GBX 5,700 Price Target at Deutsche Bank Aktiengesellschaft

Coca-Cola HBC (LON:CCHGet Free Report) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 5,550 to GBX 5,700 in a report released on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 13.77% from the stock’s previous close.

CCH has been the topic of several other research reports. Citigroup lifted their price target on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research note on Friday, July 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday. UBS Group reaffirmed a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Finally, Berenberg Bank lifted their target price on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Coca-Cola HBC has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,315.60.

View Our Latest Research Report on Coca-Cola HBC

Coca-Cola HBC Stock Performance

Shares of LON CCH opened at GBX 5,010 on Thursday. Coca-Cola HBC has a 12-month low of GBX 3,270 and a 12-month high of GBX 5,195. The firm has a market capitalization of £18.26 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 101.65. The firm has a 50 day moving average of GBX 4,753.11 and a 200 day moving average of GBX 4,482.62.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic bought 110 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were bought at an average price of GBX 4,964 per share, for a total transaction of £5,460.40. In the last quarter, insiders have purchased 126,916 shares of company stock worth $582,653,646. 95.72% of the stock is currently owned by company insiders.

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.

Further Reading

Analyst Recommendations for Coca-Cola HBC (LON:CCH)

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