Coca-Cola HBC’s (CCH) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Coca-Cola HBC (LON:CCH) in a report published on Tuesday,Digital Look reports. The firm currently has a GBX 5,620 price target on the stock.

CCH has been the subject of a number of other reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,600 price target on shares of Coca-Cola HBC in a research report on Wednesday, November 4th. Berenberg Bank raised their price target on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,325.60.

Coca-Cola HBC Stock Down 0.3%

Shares of Coca-Cola HBC stock opened at GBX 4,208 on Tuesday. The company has a market cap of £15.34 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. 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’s 50 day moving average is GBX 4,434.16 and its 200 day moving average is GBX 4,501.77. Coca-Cola HBC has a twelve month low of GBX 3,540 and a twelve month high of GBX 5,195.

Insider Activity

In related news, insider Zoran Bogdanovic bought 118 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was bought at an average cost of GBX 4,377 per share, for a total transaction of £5,164.86. Insiders bought 5,115 shares of company stock worth $21,932,035 over the last 90 days. 95.73% of the stock is currently owned by 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.