Coca-Cola HBC’s (CCH) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Coca-Cola HBC (LON:CCH) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 5,500 price objective on the stock.

A number of other analysts have also issued reports on the company. UBS Group restated a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Citigroup upped their price target 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. Finally, Berenberg Bank upgraded 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 report on Friday, May 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 5,315.60.

Coca-Cola HBC Stock Up 0.9%

Shares of LON:CCH opened at GBX 4,960 on Wednesday. The firm has a 50 day simple moving average of GBX 4,779.75 and a 200 day simple moving average of GBX 4,492.95. 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 debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The company has a market cap of £18.08 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic bought 126,674 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were 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 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 760 million consumers across a broad geographic footprint of 29 countries.