Coca-Cola HBC (LON:CCH) Price Target Cut to GBX 4,470 by Analysts at Deutsche Bank Aktiengesellschaft

Coca-Cola HBC (LON:CCH) had its price target decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 4,485 to GBX 4,470 in a research note issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 17.63% from the stock’s current price.

CCH has been the topic of several other reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, November 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,400 price target on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,068 price objective on shares of Coca-Cola HBC in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola HBC currently has a consensus rating of “Buy” and a consensus target price of GBX 4,147.

Coca-Cola HBC Price Performance

Shares of CCH stock traded up GBX 15.89 during mid-day trading on Friday, reaching GBX 3,799.89. The stock had a trading volume of 406,237 shares, compared to its average volume of 2,176,219. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The company has a market cap of £13.81 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The business has a 50-day simple moving average of GBX 3,527.01 and a 200 day simple moving average of GBX 3,749.43. Coca-Cola HBC has a 12-month low of GBX 2,652 and a 12-month high of GBX 4,102.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 15,000 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total transaction of £542,400. Also, insider Pantelis Lekkas bought 10,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were acquired at an average cost of GBX 3,450 per share, for a total transaction of £345,000. Insiders have acquired 10,457 shares of company stock worth $36,142,383 in the last 90 days. 99.20% of the stock is currently owned by insiders.

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 750 million consumers across a broad geographic footprint of 29 countries.