Jefferies Financial Group Reaffirms “Buy” Rating for Coca-Cola HBC (LON:CCH)

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a report issued on Friday, Digital Look reports. They currently have a GBX 5,600 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 28.38% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Citigroup increased their price target 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. Finally, Berenberg Bank raised their price objective on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Coca-Cola HBC currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,346.60.

Coca-Cola HBC Stock Performance

LON CCH opened at GBX 4,362 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The company has a market capitalization of £15.90 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.03 and a beta of 0.54. Coca-Cola HBC has a 12-month low of GBX 3,372 and a 12-month high of GBX 5,195. The firm has a 50-day moving average price of GBX 4,476.54 and a two-hundred day moving average price of GBX 4,522.69.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic bought 4,750 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were purchased at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Over the last 90 days, insiders have bought 4,997 shares of company stock valued at $21,415,549. 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.