Coca-Cola HBC (LON:CCH) Stock Keeps “Buy” Rating at Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a report released on Friday, Digital Look reports. They presently have a GBX 5,600 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 27.45% from the stock’s previous close.

A number of other research analysts have also recently commented on CCH. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Citigroup upped their price objective on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research note on Friday, July 3rd. Finally, Berenberg Bank upped their price objective on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a “buy” rating in a research note 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,346.60.

Coca-Cola HBC Price Performance

LON CCH traded down GBX 36 on Friday, reaching GBX 4,394. The company’s stock had a trading volume of 1,214,773 shares, compared to its average volume of 6,900,954. The firm has a market cap of £16.01 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The business has a 50-day moving average price of GBX 4,465.22 and a 200 day moving average price of GBX 4,521.79. Coca-Cola HBC has a 52 week low of GBX 3,372 and a 52 week high of GBX 5,195. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 150.62.

Insider Activity

In other news, insider Zoran Bogdanovic bought 4,750 shares of Coca-Cola HBC stock in a transaction dated Monday, September 21st. The shares were bought at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. Insiders acquired 4,997 shares of company stock worth $21,415,549 over the last three months. 95.73% of the stock is currently 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 760 million consumers across a broad geographic footprint of 29 countries.