Coca-Cola HBC’s (CCH) Buy Rating Reiterated at Jefferies Financial Group

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

Several other equities research analysts also recently weighed in on the company. 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. Berenberg Bank lifted 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,346.60.

Coca-Cola HBC Stock Down 0.8%

LON:CCH traded down GBX 36 during midday trading on Friday, reaching GBX 4,394. The company had a trading volume of 1,214,773 shares, compared to its average volume of 6,900,954. The firm has a market capitalization of £16.01 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.03 and a beta of 0.54. The stock’s fifty day simple moving average is GBX 4,465.22 and its 200-day simple moving average is GBX 4,521.79. Coca-Cola HBC has a 12-month low of GBX 3,372 and a 12-month 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 Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic acquired 4,750 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average cost of GBX 4,269 per share, with a total value of £202,777.50. In the last quarter, insiders have acquired 4,997 shares of company stock valued at $21,415,549. 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.