Coca-Cola HBC AG (LON:CCH) Receives GBX 4,980.40 Average PT from Brokerages

Shares of Coca-Cola HBC AG (LON:CCH) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 4,980.40.

A number of equities research analysts have issued reports on CCH shares. Berenberg Bank upgraded shares of Coca-Cola HBC to a “buy” rating and increased their target price for the stock from GBX 4,068 to GBX 5,007 in a research report on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a research note on Friday, July 3rd. UBS Group reiterated a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Finally, Citigroup lifted their price objective on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic purchased 126,674 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of GBX 4,591 per share, with a total value of £5,815,603.34. Over the last quarter, insiders bought 126,916 shares of company stock valued at $582,653,646. Corporate insiders own 95.72% of the company’s stock.

Coca-Cola HBC Stock Performance

Shares of CCH opened at GBX 4,844 on Tuesday. The company’s 50 day moving average price is GBX 4,729.09 and its 200 day moving average price is GBX 4,468.43. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195. The company has a market capitalization of £17.65 billion, a PE ratio of 18.70, a PEG ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.80 and a current ratio of 1.19.

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.