Citigroup Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its target price boosted by analysts at Citigroup from GBX 4,500 to GBX 5,025 in a report issued on Friday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential downside of 1.86% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group restated a “buy” rating and set a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a research report on Friday. Finally, Berenberg Bank raised Coca-Cola HBC to a “buy” rating and raised their price objective for the stock from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,980.40.

Coca-Cola HBC Trading Down 0.4%

Shares of CCH stock opened at GBX 5,120 on Friday. The stock has a 50-day simple moving average of GBX 4,415.62 and a 200 day simple moving average of GBX 4,291.19. The stock has a market capitalization of £18.66 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.03 and a beta of 0.55. Coca-Cola HBC has a fifty-two week low of GBX 3,270 and a fifty-two week high of GBX 5,140.26. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic sold 13,609 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 4,808, for a total value of £654,320.72. In the last quarter, insiders have bought 128,551 shares of company stock valued at $589,703,591. Corporate insiders own 95.73% of the company’s stock.

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.