Coca-Cola HBC (LON:CCH) Earns Buy Rating from Jefferies Financial Group

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

A number of other research firms have also recently issued reports on CCH. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,147.

Coca-Cola HBC Price Performance

Shares of CCH stock opened at GBX 3,931.80 on Friday. The business’s fifty day moving average is GBX 3,716.64 and its 200 day moving average is GBX 3,720.28. Coca-Cola HBC has a twelve month low of GBX 2,690 and a twelve month high of GBX 4,102. The stock has a market cap of £14.29 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31.

Insiders Place Their Bets

In other news, insider Pantelis Lekkas acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average price of GBX 3,450 per share, with a total value of £345,000. Also, insider Zoran Bogdanovic sold 1,009 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of GBX 3,857, for a total value of £38,917.13. In the last quarter, insiders acquired 10,450 shares of company stock valued at $36,141,472. 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.