Coca-Cola HBC AG (LON:CCH) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Coca-Cola HBC AG (LON:CCH) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 5,346.60.

Several equities analysts have recently issued reports on CCH shares. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a “buy” rating in a research report on Wednesday, September 16th. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,600 price objective on shares of Coca-Cola HBC in a research note on Wednesday, November 4th. Finally, Berenberg Bank boosted their price objective on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a “buy” rating in a report on Tuesday, September 29th.

Coca-Cola HBC Stock Up 0.1%

LON:CCH opened at GBX 4,230 on Thursday. The company has a market cap of £15.42 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.03 and a beta of 0.52. Coca-Cola HBC has a 52-week low of GBX 3,540 and a 52-week high of GBX 5,195. 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 stock’s fifty day moving average price is GBX 4,455.52 and its two-hundred day moving average price is GBX 4,496.90.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic purchased 4,750 shares of Coca-Cola HBC stock in a transaction dated 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 5,115 shares of company stock valued at $21,932,035 over the last 90 days. Insiders own 95.73% 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.