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 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 suggests a potential upside of 27.97% from the stock’s previous close.

A number of other brokerages have also weighed in on CCH. Citigroup boosted 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. Deutsche Bank Aktiengesellschaft raised 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. Finally, Berenberg Bank raised their target price on shares of 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. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,346.60.

Coca-Cola HBC Trading Down 1.2%

LON CCH opened at GBX 4,376 on Friday. Coca-Cola HBC has a fifty-two week low of GBX 3,372 and a fifty-two week 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 stock has a 50 day simple moving average of GBX 4,476.54 and a two-hundred day simple moving average of GBX 4,522.69. The stock has a market cap of £15.95 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 4,750 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was purchased at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. Over the last 90 days, insiders purchased 4,997 shares of company stock valued at $21,415,549. Insiders own 95.73% 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 760 million consumers across a broad geographic footprint of 29 countries.