Citigroup Issues Positive Forecast for Coca-Cola HBC (LON:CCH) Stock Price

Coca-Cola HBC (LON:CCH) had its price target boosted by stock analysts at Citigroup from GBX 4,500 to GBX 5,025 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential downside of 1.86% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group reiterated a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 5,500 price target on shares of Coca-Cola HBC in a research report on Friday. Finally, Berenberg Bank raised Coca-Cola HBC to a “buy” rating and raised their price objective for the company from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,980.40.

Coca-Cola HBC Trading Down 0.4%

CCH stock opened at GBX 5,120 on Friday. The company has a market capitalization of £18.66 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. Coca-Cola HBC has a one year low of GBX 3,270 and a one year high of GBX 5,140.26. The company’s 50 day moving average price is GBX 4,415.62 and its two-hundred day moving average price is GBX 4,291.19. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.80 and a current ratio of 1.19.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic acquired 126,674 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of GBX 4,591 per share, with a total value of £5,815,603.34. Over the last 90 days, insiders have acquired 128,551 shares of company stock worth $589,703,591. Corporate insiders own 95.73% 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.