Brokerages Set Coca-Cola HBC AG (LON:CCH) Price Target at GBX 5,315.60

Coca-Cola HBC AG (LON:CCH) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 5,315.60.

A number of equities research analysts have recently weighed in on the company. Berenberg Bank upped their price target on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group reiterated a “buy” rating and issued a GBX 4,900 price objective on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup upped their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a research note on Wednesday, August 5th.

Coca-Cola HBC Stock Down 1.5%

Shares of CCH opened at GBX 4,598 on Friday. The firm has a market capitalization of £16.76 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.03 and a beta of 0.55. 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 business’s fifty day moving average price is GBX 4,827.55 and its two-hundred day moving average price is GBX 4,553.22. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 120 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of GBX 4,553 per share, for a total transaction of £5,463.60. Insiders have purchased 126,904 shares of company stock worth $582,652,734 over the last ninety days. Insiders own 95.72% 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.