Coca-Cola HBC (LON:CCH) Given New GBX 5,483 Price Target at Berenberg Bank

Key Points

• Berenberg Bank raised Coca-Cola HBC’s price target to GBX 5,483 from GBX 5,453 and maintained a “buy” rating, implying 26.28% upside from the current price.
• Analyst sentiment remains positive: five analysts rate the stock “buy” and one rates it “hold,” producing a “Moderate Buy” consensus and average price target of GBX 5,326.60.
• Coca-Cola HBC shares opened at GBX 4,342, while insider Zoran Bogdanovic recently bought 4,750 shares for approximately £202,778.

Coca-Cola HBC (LON:CCH - Get Free Report) had its target price increased by stock analysts at Berenberg Bank from GBX 5,453 to GBX 5,483 in a report issued on Tuesday, London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective would indicate a potential upside of 26.28% from the company's current price.

Several other research firms have also recently weighed in on CCH. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a "buy" rating in a research report on Wednesday, September 16th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 5,500 price target on shares of Coca-Cola HBC in a research report on Wednesday, August 5th. Finally, Citigroup increased their price target on 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 5,326.60.

Coca-Cola HBC Stock Up 1.3%

Shares of LON CCH opened at GBX 4,342 on Tuesday. The company has a market capitalization of £15.83 billion, a P/E ratio of 16.76, 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 debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The company's 50 day moving average price is GBX 4,645.32 and its 200-day moving average price is GBX 4,528.99.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 4,750 shares of the stock in a transaction dated Monday, September 21st. The stock was bought at an average price of GBX 4,269 per share, for a total transaction of £202,777.50. Over the last three months, insiders have purchased 5,107 shares of company stock worth $21,961,589. Company insiders own 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.

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