Insider Buying: Coca-Cola HBC (LON:CCH) Insider Buys £345,000 in Stock

Coca-Cola HBC AG (LON:CCH) insider Pantelis Lekkas acquired 10,000 shares of Coca-Cola HBC stock in a transaction on Wednesday, October 22nd. The shares were bought at an average price of GBX 3,450 per share, with a total value of £345,000.

Coca-Cola HBC Trading Down 0.5%

Shares of LON CCH opened at GBX 3,460 on Friday. Coca-Cola HBC AG has a twelve month low of GBX 2,652 and a twelve month high of GBX 4,102. The stock has a market capitalization of £12.58 billion, a PE ratio of 13.78, a PEG ratio of 1.03 and a beta of 0.94. The stock has a fifty day simple moving average of GBX 3,611.31 and a 200-day simple moving average of GBX 3,773.95. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31.

Analyst Ratings Changes

A number of analysts have weighed in on CCH shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,400 target price on shares of Coca-Cola HBC in a research note on Thursday, August 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 4,068 price target on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,104.50.

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.