Coca-Cola HBC AG (LON:CCH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Coca-Cola HBC AG (LON:CCH) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 5,315.60.

CCH has been the subject of a number of research analyst reports. Citigroup raised their price target on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a report on Friday, July 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Berenberg Bank raised their target price on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 13,609 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 4,808, for a total value of £654,320.72. Corporate insiders own 95.72% of the company’s stock.

Coca-Cola HBC Stock Down 0.4%

CCH stock opened at GBX 4,586 on Wednesday. The stock has a market capitalization of £16.71 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. 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 quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The firm has a 50 day moving average of GBX 4,740.43 and a 200 day moving average of GBX 4,543.46.

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.