Jefferies Financial Group Reaffirms “Buy” Rating for Coca-Cola HBC (LON:CCH)

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 4,400 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 11.91% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research note on Friday, November 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola HBC has an average rating of “Buy” and an average price target of GBX 4,147.

Coca-Cola HBC Price Performance

Shares of LON:CCH traded up GBX 13.80 during midday trading on Friday, reaching GBX 3,931.80. The company’s stock had a trading volume of 284,333 shares, compared to its average volume of 3,927,594. The business’s fifty day simple moving average is GBX 3,707.31 and its 200-day simple moving average is GBX 3,720.62. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. Coca-Cola HBC has a fifty-two week low of GBX 2,690 and a fifty-two week high of GBX 4,102. The company has a market capitalization of £14.29 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.03 and a beta of 0.94.

Insider Activity

In other news, insider Pantelis Lekkas acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was purchased at an average price of GBX 3,450 per share, for a total transaction of £345,000. Also, insider Zoran Bogdanovic sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Insiders have bought a total of 10,450 shares of company stock valued at $36,141,472 over the last 90 days. Corporate insiders own 99.20% 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 750 million consumers across a broad geographic footprint of 29 countries.