Coca-Cola HBC (LON:CCH) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Friday, October 16th, Digital Look reports. They presently have a GBX 5,600 price target on the stock. Jefferies Financial Group‘s price objective points to a potential upside of 22.81% from the company’s previous close.

Several other research firms have also issued reports on CCH. Berenberg Bank lifted 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. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a report on Wednesday, September 16th. Finally, Citigroup raised their price objective on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research report on Friday, July 3rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,346.60.

Coca-Cola HBC Stock Down 0.4%

Shares of LON CCH traded down GBX 20 during trading hours on Friday, hitting GBX 4,560. 30,170,365 shares of the stock were exchanged, compared to its average volume of 6,897,585. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The company has a market cap of £16.62 billion, a PE ratio of 16.70, a PEG ratio of 1.03 and a beta of 0.54. The firm has a fifty day moving average price of GBX 4,454.47 and a 200-day moving average price of GBX 4,531.16. Coca-Cola HBC has a 12 month low of GBX 3,406 and a 12 month high of GBX 5,195.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 4,750 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Over the last ninety days, insiders have purchased 5,115 shares of company stock valued at $21,932,035. Company insiders own 95.73% of the company’s stock.

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.