Coca-Cola HBC (LON:CCH) Upgraded to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Coca-Cola HBC (LON:CCH) to a buy rating in a research note released on Friday morning, MarketBeat.com reports. The brokerage currently has GBX 5,007 price objective on the stock, up from their prior price objective of GBX 4,068.

Several other equities analysts also recently issued reports on CCH. UBS Group reissued a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research report on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,800 target price on shares of Coca-Cola HBC in a research report on Thursday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,794.25.

Coca-Cola HBC Stock Performance

Shares of CCH stock opened at GBX 4,313 on Friday. The business’s fifty day simple moving average is GBX 4,389.30 and its 200-day simple moving average is GBX 4,053.05. The company has a market cap of £15.72 billion, a PE ratio of 16.65, a PEG ratio of 1.03 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 107.40. Coca-Cola HBC has a 12-month low of GBX 3,270 and a 12-month high of GBX 4,890.

Insider Transactions at Coca-Cola HBC

In other news, insider Anastasios I. Leventis sold 6,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of GBX 4,735, for a total transaction of £284,100. Also, insider Anastassis G. David sold 29,277 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of GBX 4,711, for a total transaction of £1,379,239.47. In the last ninety days, insiders have bought 237,160 shares of company stock valued at $1,102,863,442 and have sold 265,703 shares valued at $1,256,697,560. Corporate insiders own 99.08% 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.