Jefferies Financial Group Issues Positive Forecast for Coca-Cola HBC (LON:CCH) Stock Price

Coca-Cola HBC (LON:CCH) had its price target boosted by Jefferies Financial Group from GBX 4,400 to GBX 4,600 in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on CCH. Deutsche Bank Aktiengesellschaft decreased their price target on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a report on Friday, November 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 4,197.

Coca-Cola HBC Stock Up 2.6%

Coca-Cola HBC stock traded up GBX 104 during trading on Wednesday, reaching GBX 4,172. 1,856,272 shares of the company’s stock were exchanged, compared to its average volume of 5,031,923. Coca-Cola HBC has a 52-week low of GBX 2,847.60 and a 52-week high of GBX 4,184. The firm has a market cap of £15.17 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.03 and a beta of 0.94. 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 company’s 50-day moving average is GBX 3,834.07 and its two-hundred day moving average is GBX 3,725.83.

Insider Activity

In related news, insider Zoran Bogdanovic sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total value of £542,400. Insiders purchased 432 shares of company stock worth $1,632,996 in the last three months. Insiders own 99.20% 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 750 million consumers across a broad geographic footprint of 29 countries.