Coca-Cola HBC AG (LON:CCH) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Coca-Cola HBC has a “Moderate Buy” consensus rating from six analysts, with five buy ratings and one hold. The average 12-month price target is GBX 5,315.60, with recent targets ranging from GBX 4,900 to GBX 5,700.
• Insider Zoran Bogdanovic purchased 126,674 shares at an average GBX 4,591 per share, worth approximately £5.8 million. Insiders acquired more than 126,900 shares during the quarter.
• The stock opened at GBX 4,544 and has traded between GBX 3,270 and GBX 5,195 over the past year. Coca-Cola HBC has a market capitalization of approximately £16.56 billion and a P/E ratio of 17.54.

Shares of Coca-Cola HBC AG (LON:CCH - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 5,315.60.

Several research analysts have weighed in on CCH shares. Berenberg Bank upped 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 report on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 5,500 price target on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the company a "buy" rating in a research note on Thursday, August 6th. UBS Group reaffirmed a "buy" rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Finally, Citigroup lifted their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a "neutral" rating in a research note on Friday, July 3rd.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 126,674 shares of Coca-Cola HBC stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of GBX 4,591 per share, with a total value of £5,815,603.34. In the last quarter, insiders have acquired 126,904 shares of company stock worth $582,652,734. 95.72% of the stock is currently owned by company insiders.

Coca-Cola HBC Trading Up 2.3%

Coca-Cola HBC stock opened at GBX 4,544 on Friday. The firm has a market cap of £16.56 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. Coca-Cola HBC has a 1 year low of GBX 3,270 and a 1 year high of GBX 5,195. The firm's 50 day moving average price is GBX 4,824.86 and its two-hundred day moving average price is GBX 4,539.22. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source