JPMorgan Chase & Co. Reiterates Overweight Rating for Coca-Cola HBC (LON:CCH)

Coca-Cola HBC (LON:CCH)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Thursday, Marketbeat Ratings reports.

CCH has been the subject of a number of other reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,400 ($59.18) price target on shares of Coca-Cola HBC in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola HBC from GBX 3,850 ($51.78) to GBX 3,950 ($53.13) and gave the stock a “buy” rating in a research report on Thursday, July 3rd.

Coca-Cola HBC Stock Performance

CCH opened at GBX 3,786 ($50.92) on Thursday. The firm has a market cap of £16.38 billion, a P/E ratio of 26.17, a PEG ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a 1-year low of GBX 2,620 ($35.24) and a 1-year high of GBX 4,102 ($55.17). The company has a 50 day simple moving average of GBX 3,902.55 and a two-hundred day simple moving average of GBX 3,626.37. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 882 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average price of GBX 3,944 ($53.05) per share, for a total transaction of £34,786.08 ($46,786.93). Insiders have acquired a total of 1,136 shares of company stock worth $4,467,552 in the last three months. 47.16% 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 750 million consumers across a broad geographic footprint of 29 countries.