Coca-Cola HBC’s (CCH) “Buy” Rating Reaffirmed at Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 5,600 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 27.80% from the company’s current price.

Several other research firms have also recently weighed in on CCH. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a report on Wednesday, September 16th. Berenberg Bank upped their price objective on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Finally, Citigroup increased their target price on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. Five investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,346.60.

Coca-Cola HBC Price Performance

CCH traded down GBX 48 during trading on Friday, hitting GBX 4,382. 10,047,474 shares of the company traded hands, compared to its average volume of 6,944,897. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 150.62. The company has a market cap of £15.97 billion, a PE ratio of 16.05, a P/E/G ratio of 1.03 and a beta of 0.54. The stock’s 50-day simple moving average is GBX 4,476.54 and its two-hundred day simple moving average is GBX 4,522.69. Coca-Cola HBC has a 1 year low of GBX 3,372 and a 1 year high of GBX 5,195.

Insider Transactions at Coca-Cola HBC

In other news, insider Zoran Bogdanovic acquired 4,750 shares of the business’s stock in a transaction on Monday, September 21st. The shares were acquired at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. Insiders acquired 4,997 shares of company stock valued at $21,415,549 in the last ninety days. 95.73% of the stock is owned by company insiders.

About Coca-Cola HBC

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.