Coca-Cola HBC AG (LON:CCH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Coca-Cola HBC AG (LON:CCH) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 5,315.60.

A number of equities analysts have recently commented on CCH shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the company a “buy” rating in a research note on Thursday, August 6th. Berenberg Bank lifted their target price on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup boosted their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research report on Friday, July 3rd. Finally, UBS Group restated a “buy” rating and set a GBX 4,900 price target on shares of Coca-Cola HBC in a report on Tuesday, May 5th.

Coca-Cola HBC Stock Up 2.3%

CCH opened at GBX 4,544 on Friday. The firm has a market cap of £16.56 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The business has a 50 day moving average price of GBX 4,824.86 and a 200 day moving average price of GBX 4,539.22. Coca-Cola HBC has a twelve month low of GBX 3,270 and a twelve month high of GBX 5,195.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 120 shares of the stock in a transaction on Monday, August 17th. The shares were purchased at an average price of GBX 4,553 per share, with a total value of £5,463.60. In the last ninety days, insiders purchased 126,904 shares of company stock worth $582,652,734. 95.72% of the stock is 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 760 million consumers across a broad geographic footprint of 29 countries.