Coca-Cola HBC (LON:CCH) Earns Neutral Rating from JPMorgan Chase & Co.

Coca-Cola HBC (LON:CCH – Get Rating)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Friday, LSE.Co.UK reports. They presently have a GBX 1,900 ($23.42) price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.63% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,585 ($31.87) target price on shares of Coca-Cola HBC in a research note on Monday. Morgan Stanley restated an “equal weight” rating on shares of Coca-Cola HBC in a research note on Wednesday. Finally, Barclays restated an “overweight” rating and issued a GBX 3,000 ($36.99) target price on shares of Coca-Cola HBC in a research note on Thursday, February 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 2,296.25 ($28.31).

Shares of LON:CCH opened at GBX 1,687 ($20.80) on Friday. The company has a market capitalization of £6.17 billion and a price-to-earnings ratio of 13.25. Coca-Cola HBC has a 12 month low of GBX 1,403.50 ($17.30) and a 12 month high of GBX 2,809.60 ($34.64). The firm’s 50-day moving average is GBX 1,606.44 and its 200 day moving average is GBX 2,162. The company has a current ratio of 1.26, a quick ratio of 1.00 and a debt-to-equity ratio of 94.24.

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 2,159 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were purchased at an average price of GBX 1,581 ($19.49) per share, for a total transaction of £34,133.79 ($42,083.33). In the last ninety days, insiders acquired 2,548 shares of company stock valued at $4,198,382.

About Coca-Cola HBC (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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