Coca-Cola HBC (LON:CCH) Reaches New 12-Month High Following Analyst Upgrade

Coca-Cola HBC AG (LON:CCH)’s share price reached a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from GBX 4,400 to GBX 4,600. Jefferies Financial Group currently has a buy rating on the stock. Coca-Cola HBC traded as high as GBX 4,108 and last traded at GBX 4,111.59, with a volume of 1753307 shares trading hands. The stock had previously closed at GBX 4,068.

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

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. In the last quarter, insiders have bought 432 shares of company stock valued at $1,632,996. Insiders own 99.20% of the company’s stock.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The company has a market cap of £15.48 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.03 and a beta of 0.94. The firm has a 50 day simple moving average of GBX 3,841.83 and a 200-day simple moving average of GBX 3,728.93.

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.