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

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 5,600 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.45% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Berenberg Bank increased 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 research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 upped their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research note on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 5,346.60.

Coca-Cola HBC Stock Performance

LON CCH opened at GBX 4,394 on Friday. The company has a market cap of £16.01 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a 50-day moving average of GBX 4,465.22 and a two-hundred day moving average of GBX 4,523.75. Coca-Cola HBC has a 1-year low of GBX 3,372 and a 1-year high of GBX 5,195.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic bought 4,750 shares of Coca-Cola HBC stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of GBX 4,269 per share, with a total value of £202,777.50. Insiders have purchased 4,997 shares of company stock worth $21,415,549 in the last 90 days. 95.73% of the stock is currently owned by corporate 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.