Coca-Cola HBC (LON:CCH) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Coca-Cola HBC (LON:CCH) in a report issued on Friday, MarketBeat reports. Jefferies Financial Group currently has a GBX 4,400 target price on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a report on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 4,147.

Coca-Cola HBC Stock Performance

LON:CCH opened at GBX 3,931.80 on Friday. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The stock has a market capitalization of £14.29 billion, a PE ratio of 15.66, a P/E/G ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a fifty-two week low of GBX 2,690 and a fifty-two week high of GBX 4,102. The company has a fifty day moving average of GBX 3,716.64 and a two-hundred day moving average of GBX 3,721.18.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic sold 15,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Also, insider Pantelis Lekkas acquired 10,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was acquired at an average price of GBX 3,450 per share, with a total value of £345,000. Insiders have purchased 10,450 shares of company stock worth $36,141,472 over the last 90 days. 99.20% of the stock is currently owned by company insiders.

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.