Coca-Cola HBC (LON:CCH) Upgraded to “Buy” at Berenberg Bank

Coca-Cola HBC (LON:CCH) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a GBX 5,007 target price on the stock, up from their previous target price of GBX 4,068. Berenberg Bank’s target price would suggest a potential upside of 16.88% from the stock’s current price.

CCH has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,800 price objective on shares of Coca-Cola HBC in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 4,794.25.

Coca-Cola HBC Stock Performance

CCH stock opened at GBX 4,284 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 107.40. The firm has a 50 day moving average of GBX 4,389.30 and a two-hundred day moving average of GBX 4,053.05. The company has a market capitalization of £15.61 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.03 and a beta of 0.55. Coca-Cola HBC has a 12 month low of GBX 3,270 and a 12 month high of GBX 4,890.

Insider Activity

In other news, insider Zoran Bogdanovic bought 119,532 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of GBX 4,557 per share, for a total transaction of £5,447,073.24. Also, insider Anastasios I. Leventis sold 197,435 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of GBX 4,738, for a total transaction of £9,354,470.30. In the last 90 days, insiders acquired 237,160 shares of company stock worth $1,102,863,442 and sold 265,703 shares worth $1,256,697,560. Corporate insiders own 99.08% 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.