Coca-Cola HBC’s (CCH) Buy Rating Reaffirmed 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 research note issued on Friday, Digital Look reports. They currently have a GBX 5,600 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.45% from the stock’s current price.

A number of other analysts have also weighed in on the company. Berenberg Bank upped their price objective on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a report on Wednesday, September 16th. Finally, Citigroup upped their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a report on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Coca-Cola HBC currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,346.60.

Coca-Cola HBC Stock Down 0.8%

CCH stock traded down GBX 36 during midday trading on Friday, hitting 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 company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. Coca-Cola HBC has a 52-week low of GBX 3,372 and a 52-week high of GBX 5,195. The firm has a market capitalization of £16.01 billion, a P/E ratio of 16.10, a PEG ratio of 1.03 and a beta of 0.54. The firm has a 50-day simple moving average of GBX 4,465.22 and a 200-day simple moving average of GBX 4,521.79.

Insider Transactions at Coca-Cola HBC

In other news, insider Zoran Bogdanovic purchased 4,750 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. Insiders have purchased a total of 4,997 shares of company stock valued at $21,415,549 in the last ninety days. 95.73% of the stock is owned by insiders.

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.