Coca-Cola HBC (LON:CCH) Price Target Raised to GBX 5,725

Coca-Cola HBC (LON:CCH) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 5,700 to GBX 5,725 in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on CCH. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Berenberg Bank boosted their price objective on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Citigroup upped their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a report on Friday, July 3rd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,320.60.

Coca-Cola HBC Price Performance

Shares of LON CCH opened at GBX 4,248 on Wednesday. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. Coca-Cola HBC has a fifty-two week low of GBX 3,270 and a fifty-two week high of GBX 5,195. The firm has a market capitalization of £15.48 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The stock’s 50-day simple moving average is GBX 4,714.47 and its 200-day simple moving average is GBX 4,538.70.

Insider Transactions at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 13,609 shares of Coca-Cola HBC stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of GBX 4,808, for a total transaction of £654,320.72. In the last quarter, insiders purchased 357 shares of company stock worth $1,683,839. Company insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.