Coca-Cola HBC AG (LON:CCH) Receives GBX 5,315.60 Consensus Target Price from Analysts

Shares of Coca-Cola HBC AG (LON:CCH) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 5,320.60.

CCH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a “buy” rating in a report on Wednesday, September 16th. Citigroup lifted their price target on shares of 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 boosted their price target on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic sold 13,609 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 4,808, for a total transaction of £654,320.72. Over the last 90 days, insiders purchased 5,107 shares of company stock valued at $21,961,589. 95.72% of the stock is owned by insiders.

Coca-Cola HBC Stock Performance

Shares of LON:CCH opened at GBX 4,402 on Wednesday. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The business’s fifty day moving average price is GBX 4,690.39 and its two-hundred day moving average price is GBX 4,533.79. Coca-Cola HBC has a fifty-two week low of GBX 3,270 and a fifty-two week high of GBX 5,195. The stock has a market capitalization of £16.04 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54.

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.