Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its target price increased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 5,550 to GBX 5,700 in a report released on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 14.92% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a research note on Wednesday. UBS Group reissued a “buy” rating and set a GBX 4,900 price target on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Citigroup raised their price target 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. Finally, Berenberg Bank boosted their price objective on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 5,315.60.

Coca-Cola HBC Price Performance

Coca-Cola HBC stock opened at GBX 4,960 on Thursday. 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 firm has a market cap of £18.08 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.03 and a beta of 0.55. The business’s fifty day moving average is GBX 4,779.75 and its two-hundred day moving average is GBX 4,492.95. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 126,674 shares of Coca-Cola HBC stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of GBX 4,591 per share, with a total value of £5,815,603.34. Over the last 90 days, insiders have bought 126,916 shares of company stock valued at $582,653,646. 95.72% of the stock is currently owned by company insiders.

Coca-Cola HBC Company Profile

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.