Coca-Cola HBC AG (LON:CCH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Coca-Cola HBC AG (LON:CCH) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 4,980.40.

Several equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a report on Friday, July 3rd. Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and raised their target price for the company from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Finally, UBS Group reiterated a “buy” rating and set a GBX 4,900 price target on shares of Coca-Cola HBC in a research note on Tuesday, May 5th.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 126,674 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of GBX 4,591 per share, with a total value of £5,815,603.34. Insiders have purchased a total of 128,551 shares of company stock valued at $589,703,591 in the last ninety days. Insiders own 95.72% of the company’s stock.

Coca-Cola HBC Stock Down 0.5%

LON:CCH opened at GBX 4,868 on Friday. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195. The stock’s fifty day moving average is GBX 4,496.99 and its two-hundred day moving average is GBX 4,334.13. The stock has a market capitalization of £17.74 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65.

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