Coca-Cola HBC (LON:CCH) Given "Overweight" Rating at JPMorgan Chase & Co.

Key Points

• Coca-Cola HBC has received an "overweight" rating from JPMorgan Chase & Co., reflecting positive analyst sentiment about the company's stock performance.
• Jefferies Financial Group also maintained a "buy" rating with a target price of GBX 4,400 ($58.78), while Deutsche Bank increased their target from GBX 3,850 to GBX 3,950 ($51.43 to $52.77) with a "buy" rating.
• Insider buying activity at Coca-Cola HBC has been noted, with Zoran Bogdanovic purchasing 882 shares at an average cost of GBX 3,944, indicating confidence in the company's future prospects.

Coca-Cola HBC (LON:CCH - Get Free Report)'s stock had its "overweight" rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Thursday, Marketbeat Ratings reports.

Several other brokerages also recently commented on CCH. Jefferies Financial Group restated a "buy" rating and set a GBX 4,400 ($58.78) target price on shares of Coca-Cola HBC in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola HBC from GBX 3,850 ($51.43) to GBX 3,950 ($52.77) and gave the stock a "buy" rating in a research note on Thursday, July 3rd.

Coca-Cola HBC Stock Performance

Shares of CCH stock opened at GBX 3,710 ($49.56) on Thursday. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The company has a market capitalization of £16.05 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company's 50 day moving average price is GBX 3,904.81 and its two-hundred day moving average price is GBX 3,612.73. Coca-Cola HBC has a 52 week low of GBX 2,620 ($35.00) and a 52 week high of GBX 4,102 ($54.80).

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 882 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was bought at an average cost of GBX 3,944 ($52.69) per share, with a total value of £34,786.08 ($46,468.18). Over the last three months, insiders have purchased 1,136 shares of company stock worth $4,467,552. 47.16% of the stock is owned by company 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 750 million consumers across a broad geographic footprint of 29 countries.

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