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

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 5,500 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 7.53% from the stock’s current price.

A number of other research analysts also recently issued reports on CCH. Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and lifted their price target for the company from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. UBS Group restated a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola HBC currently has an average rating of “Buy” and a consensus price target of GBX 4,969.25.

Coca-Cola HBC Stock Performance

Shares of CCH stock opened at GBX 5,115 on Friday. The firm has a market cap of £18.64 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.03 and a beta of 0.55. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 5,140.26. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65. The company’s 50 day moving average is GBX 4,415.62 and its 200 day moving average is GBX 4,291.19.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 13,609 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 4,808, for a total transaction of £654,320.72. Insiders bought a total of 128,551 shares of company stock worth $589,703,591 in the last 90 days. 95.73% of the stock is currently owned by 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.