Coca-Cola HBC (LON:CCH) Price Target Raised to GBX 5,483

Coca-Cola HBC (LON:CCH) had its target price hoisted by Berenberg Bank from GBX 5,453 to GBX 5,483 in a research report report published on Tuesday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms also recently issued reports on CCH. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a report on Wednesday, September 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Finally, Citigroup lifted their target price on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,326.60.

Coca-Cola HBC Stock Down 3.4%

Shares of LON CCH opened at GBX 4,206 on Tuesday. The firm has a market cap of £15.33 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 5,195. The business’s 50 day moving average is GBX 4,609.54 and its two-hundred day moving average is GBX 4,524.39.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 4,750 shares of the stock in a transaction dated Monday, September 21st. The stock was acquired at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Over the last ninety days, insiders bought 5,107 shares of company stock worth $21,961,589. Corporate insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.