Coca-Cola HBC AG (LON:CCH) Receives GBX 4,980.40 Average Price Target from Analysts

Coca-Cola HBC AG (LON:CCH) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 4,980.40.

A number of research analysts have recently issued reports on CCH shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Friday, July 3rd. Citigroup lifted their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. UBS Group reissued a “buy” rating and issued a GBX 4,900 price objective on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Finally, Berenberg Bank upgraded shares of Coca-Cola HBC to a “buy” rating and raised their target price for the stock from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic sold 13,609 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 4,808, for a total value of £654,320.72. Insiders acquired a total of 128,551 shares of company stock valued at $589,703,591 over the last three months. 95.72% of the stock is currently owned by company insiders.

Coca-Cola HBC Trading Down 1.9%

LON:CCH opened at GBX 4,954 on Friday. The company has a market capitalization of £18.06 billion, a PE ratio of 19.13, a P/E/G ratio of 1.03 and a beta of 0.54. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 5,195. The stock’s 50 day moving average price is GBX 4,468.01 and its 200 day moving average price is GBX 4,319.25. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65.

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.