Coca-Cola HBC’s (CCH) “Buy” Rating Reaffirmed at Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 5,600 price target on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 32.26% from the company’s current price.

Several other equities analysts also recently commented on CCH. Berenberg Bank upped their price target on shares of 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. Deutsche Bank reaffirmed a “buy” rating and set a GBX 5,620 price target on shares of Coca-Cola HBC in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,325.60.

Coca-Cola HBC Stock Up 0.6%

CCH stock opened at GBX 4,234 on Thursday. Coca-Cola HBC has a fifty-two week low of GBX 3,540 and a fifty-two week high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a market capitalization of £15.43 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.03 and a beta of 0.52. The business’s fifty day moving average price is GBX 4,434.16 and its two-hundred day moving average price is GBX 4,501.77.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 4,750 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were bought at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. In the last 90 days, insiders acquired 5,115 shares of company stock valued at $21,932,035. Company 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.