Coca-Cola HBC's (CCH) Buy Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its Buy rating on Coca-Cola HBC and set a GBX 5,600 price target, implying 16.33% upside from the previous close.
• Analyst sentiment is broadly positive: five analysts rate the stock Buy and one Hold, giving it a consensus “Moderate Buy” rating and an average target of GBX 5,346.60.
• Insiders have purchased 5,115 shares over the past 90 days, while the stock opened at GBX 4,814 on Wednesday, up 1.0%.

Coca-Cola HBC (LON:CCH - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 5,600 target price on the stock. Jefferies Financial Group's target price indicates a potential upside of 16.33% from the stock's previous close.

A number of other research firms have also recently weighed in on CCH. Berenberg Bank raised their price target on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a "buy" rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a "buy" rating in a research note on Wednesday, September 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 5,346.60.

Coca-Cola HBC Trading Up 1.0%

Shares of Coca-Cola HBC stock opened at GBX 4,814 on Wednesday. Coca-Cola HBC has a 12-month low of GBX 3,464 and a 12-month high of GBX 5,195. The stock has a market capitalization of £17.55 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The company has a 50-day simple moving average of GBX 4,474.96 and a 200 day simple moving average of GBX 4,487.95. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic acquired 118 shares of the stock in a transaction on Friday, October 16th. The stock was purchased at an average price of GBX 4,377 per share, for a total transaction of £5,164.86. Over the last 90 days, insiders have bought 5,115 shares of company stock worth $21,932,035. 95.73% of the stock is owned by corporate insiders.

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.

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