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

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 5,000 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 16.99% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 4,512.67.

Coca-Cola HBC Trading Up 0.4%

Shares of LON:CCH traded up GBX 18 during mid-day trading on Thursday, reaching GBX 4,274. 109,128,578 shares of the company’s stock were exchanged, compared to its average volume of 4,367,498. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.80 and a current ratio of 1.19. Coca-Cola HBC has a twelve month low of GBX 3,270 and a twelve month high of GBX 4,890. The firm has a market capitalization of £15.54 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.03 and a beta of 0.52. The business’s fifty day moving average price is GBX 4,403.13 and its 200-day moving average price is GBX 3,910.20.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic purchased 119,532 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were purchased 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 company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 4,738, for a total transaction of £9,354,470.30. In the last 90 days, insiders bought 235,551 shares of company stock worth $1,095,805,065 and sold 265,703 shares worth $1,256,697,560. Company insiders own 99.08% of the company’s stock.

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