Jefferies Financial Group Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its target price hoisted by investment analysts at Jefferies Financial Group from GBX 4,400 to GBX 4,600 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 10.26% from the company’s previous close.

Several other research firms also recently issued reports on CCH. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft dropped their target price 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 4,197.

Coca-Cola HBC Stock Up 2.6%

Shares of CCH stock opened at GBX 4,172 on Wednesday. The stock’s fifty day moving average price is GBX 3,841.83 and its 200 day moving average price is GBX 3,728.93. Coca-Cola HBC has a 1-year low of GBX 2,847.60 and a 1-year high of GBX 4,184. The company has a market cap of £15.17 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. In the last 90 days, insiders have purchased 432 shares of company stock valued at $1,632,996. 99.20% of the stock is currently owned by corporate insiders.

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.