Berenberg Bank Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its price target boosted by analysts at Berenberg Bank from GBX 5,007 to GBX 5,453 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.94% from the stock’s previous close.

CCH has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday. Citigroup boosted their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a report on Friday, July 3rd. Finally, UBS Group reaffirmed 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,315.60.

Coca-Cola HBC Trading Up 0.9%

LON CCH opened at GBX 4,960 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. Coca-Cola HBC has a twelve month low of GBX 3,270 and a twelve month high of GBX 5,195. The company has a market cap of £18.08 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The business’s fifty day moving average is GBX 4,779.75 and its 200 day moving average is GBX 4,492.95.

Insider Activity

In related news, insider Zoran Bogdanovic acquired 126,674 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of GBX 4,591 per share, for a total transaction of £5,815,603.34. Insiders bought 126,916 shares of company stock worth $582,653,646 in the last ninety days. 95.72% of the stock is owned by company 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 760 million consumers across a broad geographic footprint of 29 countries.