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

Coca-Cola HBC AG (LON:CCH) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 4,980.40.

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

Coca-Cola HBC Stock Down 1.0%

CCH stock opened at GBX 5,010 on Tuesday. Coca-Cola HBC has a 1-year low of GBX 3,270 and a 1-year high of GBX 5,195. The business has a fifty day moving average price of GBX 4,716.80 and a 200-day moving average price of GBX 4,457.15. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80. The stock has a market capitalization of £18.26 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.03 and a beta of 0.54.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 110 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were bought at an average price of GBX 4,964 per share, for a total transaction of £5,460.40. Insiders have purchased a total of 126,916 shares of company stock valued at $582,653,646 in the last 90 days. Company insiders own 95.72% 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.