Coca-Cola HBC (LON:CCH) Receives “Buy” Rating from Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 4,800 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 9.44% from the company’s current price.

Several other brokerages also recently issued reports on CCH. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 target price on shares of Coca-Cola HBC in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 4,559.50.

Coca-Cola HBC Stock Performance

Shares of Coca-Cola HBC stock opened at GBX 4,386 on Thursday. The stock has a market cap of £15.99 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The business has a fifty day simple moving average of GBX 4,398.05 and a 200-day simple moving average of GBX 4,047.47. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 107.40. Coca-Cola HBC has a 12 month low of GBX 3,270 and a 12 month high of GBX 4,890.

Insider Buying and Selling

In related news, insider Anastasios I. Leventis sold 6,000 shares of Coca-Cola HBC stock in a transaction on Friday, February 20th. The stock was sold at an average price of GBX 4,735, for a total transaction of £284,100. Also, insider Zoran Bogdanovic bought 1,745 shares of the stock in a transaction on Friday, April 17th. The stock was purchased at an average price of GBX 4,353 per share, for a total transaction of £75,959.85. Over the last ninety days, insiders bought 237,160 shares of company stock worth $1,102,863,442 and sold 265,703 shares worth $1,256,697,560. 99.08% of the stock is owned by corporate 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 750 million consumers across a broad geographic footprint of 29 countries.