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

Coca-Cola HBC (LON:CCH)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat Ratings reports.

CCH has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reduced their target price on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a report on Friday, November 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,400 price objective on shares of Coca-Cola HBC in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 4,147.

Coca-Cola HBC Price Performance

CCH stock opened at GBX 3,931.80 on Friday. The company has a market capitalization of £14.29 billion, a P/E ratio of 15.66, a PEG ratio of 1.03 and a beta of 0.94. The company has a fifty day moving average price of GBX 3,716.64 and a 200-day moving average price of GBX 3,720.28. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. Coca-Cola HBC has a 52-week low of GBX 2,690 and a 52-week high of GBX 4,102.

Insider Transactions at Coca-Cola HBC

In other news, insider Pantelis Lekkas bought 10,000 shares of Coca-Cola HBC stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average cost 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 stock was sold at an average price of GBX 3,616, for a total value of £542,400. Insiders have bought a total of 10,450 shares of company stock worth $36,141,472 in the last three months. Insiders own 99.20% of the company’s stock.

About Coca-Cola HBC

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.