Coca-Cola HBC’s (CCH) “Buy” Rating Reaffirmed at Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 5,600 target price on the stock. Jefferies Financial Group‘s price target would indicate a potential upside of 32.26% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Deutsche Bank restated a “buy” rating and issued a GBX 5,620 target price on shares of Coca-Cola HBC in a research report on Tuesday. Berenberg Bank upped their price target on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,325.60.

Coca-Cola HBC Price Performance

CCH stock opened at GBX 4,234 on Thursday. The company has a 50 day simple moving average of GBX 4,434.16 and a 200 day simple moving average of GBX 4,501.77. The stock has a market cap of £15.43 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 1.03 and a beta of 0.52. Coca-Cola HBC has a 1 year low of GBX 3,540 and a 1 year high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic purchased 118 shares of the business’s stock in a transaction on Friday, October 16th. The shares were acquired at an average price of GBX 4,377 per share, with a total value of £5,164.86. Insiders have acquired a total of 5,115 shares of company stock worth $21,932,035 over the last quarter. Corporate insiders own 95.73% 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.