Coca-Cola HBC (LON:CCH) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Coca-Cola HBC (LON:CCH) had its price target boosted by equities research analysts at Berenberg Bank from GBX 5,453 to GBX 5,483 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 25.93% from the company’s current price.

CCH has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price target 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Finally, Citigroup lifted 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 report on Friday, July 3rd. 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, Coca-Cola HBC has a consensus rating of “Moderate Buy” and an average price target of GBX 5,326.60.

Coca-Cola HBC Stock Up 0.1%

Shares of CCH opened at GBX 4,354 on Tuesday. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The company has a market capitalization of £15.87 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.03 and a beta of 0.54. The stock’s 50-day moving average price is GBX 4,621.74 and its 200-day moving average price is GBX 4,526.69.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 4,750 shares of the business’s stock in a transaction that occurred on 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. In the last 90 days, insiders bought 5,107 shares of company stock worth $21,961,589. 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.