Coca-Cola HBC (LON:CCH) Price Target Raised to GBX 4,600 at Jefferies Financial Group

Coca-Cola HBC (LON:CCH) had its price target lifted by equities research analysts at Jefferies Financial Group from GBX 4,400 to GBX 4,600 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 10.26% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a report on Friday, November 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 4,197.

Coca-Cola HBC Stock Up 2.6%

Shares of CCH stock traded up GBX 104 during trading on Wednesday, reaching GBX 4,172. The company’s stock had a trading volume of 1,856,272 shares, compared to its average volume of 5,031,923. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. Coca-Cola HBC has a one year low of GBX 2,847.60 and a one year high of GBX 4,184. The business has a fifty day moving average price of GBX 3,834.07 and a 200-day moving average price of GBX 3,725.83. The company has a market cap of £15.17 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Over the last 90 days, insiders have bought 432 shares of company stock valued at $1,632,996. 99.20% 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 750 million consumers across a broad geographic footprint of 29 countries.