Coca-Cola HBC AG (LON:CCH) Stock Has Consensus Target Price of GBX 5,346.60

Shares of Coca-Cola HBC AG (LON:CCH) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 5,346.60.

Several equities research analysts have issued reports on CCH shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a “buy” rating in a report on Wednesday, September 16th. Berenberg Bank increased their target price on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 5,600 price target on shares of Coca-Cola HBC in a research report on Wednesday.

Coca-Cola HBC Trading Up 1.9%

Shares of CCH opened at GBX 5,030 on Thursday. The company has a market capitalization of £18.33 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.03 and a beta of 0.52. Coca-Cola HBC has a one year low of GBX 3,470 and a one year high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a 50-day moving average price of GBX 4,482.24 and a 200 day moving average price of GBX 4,493.17.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 118 shares of Coca-Cola HBC stock in a transaction on Friday, October 16th. The shares were purchased at an average cost of GBX 4,377 per share, for a total transaction of £5,164.86. Insiders have acquired 5,115 shares of company stock valued at $21,932,035 over the last 90 days. 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.