Analysts Set Coca Cola HBC AG (LON:CCH) PT at GBX 3,066.67

Coca Cola HBC AG (LON:CCH) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 3,066.67 ($40.07).

A number of analysts have recently weighed in on the company. Deutsche Bank lowered their target price on Coca Cola HBC from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,900 ($37.89) target price on shares of Coca Cola HBC in a research note on Thursday, November 7th. Liberum Capital restated a “buy” rating on shares of Coca Cola HBC in a research note on Wednesday. Shore Capital restated an “under review” rating on shares of Coca Cola HBC in a research note on Wednesday. Finally, Barclays restated an “overweight” rating and issued a GBX 3,300 ($43.12) target price on shares of Coca Cola HBC in a research note on Tuesday, October 8th.

Shares of LON:CCH traded down GBX 80 ($1.05) during midday trading on Thursday, reaching GBX 2,476 ($32.35). The company’s stock had a trading volume of 1,128,271 shares, compared to its average volume of 875,987. Coca Cola HBC has a fifty-two week low of GBX 2,224 ($29.06) and a fifty-two week high of GBX 3,094 ($40.43). The company has a market capitalization of $9.09 billion and a P/E ratio of 17.28. The company has a debt-to-equity ratio of 120.05, a current ratio of 0.94 and a quick ratio of 0.78. The business’s fifty day simple moving average is GBX 2,461.74 and its 200-day simple moving average is GBX 2,708.67.

In other news, insider Zoran Bogdanovic acquired 154 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of GBX 2,644 ($34.55) per share, for a total transaction of £4,071.76 ($5,320.48).

Coca Cola HBC Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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