Coca-Cola HBC (LON:CCH) Price Target Raised to GBX 5,725

Coca-Cola HBC (LON:CCH) had its price target increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 5,700 to GBX 5,725 in a research note issued on Wednesday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 24.03% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Citigroup lifted their target price on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Finally, Berenberg Bank raised their price objective on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,320.60.

Coca-Cola HBC Stock Performance

Shares of LON:CCH traded up GBX 10 on Wednesday, hitting GBX 4,616. 1,623,066 shares of the company were exchanged, compared to its average volume of 7,657,819. The company’s 50 day moving average price is GBX 4,740.43 and its two-hundred day moving average price is GBX 4,543.46. Coca-Cola HBC has a one year low of GBX 3,270 and a one year high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The firm has a market capitalization of £16.82 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.03 and a beta of 0.54.

Insider Activity

In other news, insider Zoran Bogdanovic sold 13,609 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of GBX 4,808, for a total value of £654,320.72. Corporate insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.