Jefferies Financial Group Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its price target hoisted by research analysts at Jefferies Financial Group from GBX 4,400 to GBX 4,600 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 10.26% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 4,197.

Coca-Cola HBC Price Performance

Shares of LON:CCH traded up GBX 104 during trading hours on Wednesday, hitting GBX 4,172. 1,856,272 shares of the company’s stock traded hands, compared to its average volume of 5,031,923. The company’s fifty day simple moving average is GBX 3,834.07 and its two-hundred day simple moving average is GBX 3,725.83. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The company has a market cap of £15.17 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a 52 week low of GBX 2,847.60 and a 52 week high of GBX 4,184.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 15,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Insiders have bought 432 shares of company stock valued at $1,632,996 over the last ninety days. Insiders own 99.20% of the company’s stock.

Coca-Cola HBC Company Profile

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 750 million consumers across a broad geographic footprint of 29 countries.