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.

JPMorgan Chase & Co. restated their overweight rating on shares of Coca-Cola HBC (LON:CCH - Free Report) in a research report released on Thursday, MarketBeat Ratings reports.

A number of other research firms have also recently weighed in on CCH. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola HBC from GBX 3,850 ($51.76) to GBX 3,950 ($53.11) and gave the stock a "buy" rating in a report on Thursday, July 3rd. Jefferies Financial Group reissued a "buy" rating and set a GBX 4,400 ($59.16) price objective on shares of Coca-Cola HBC in a report on Thursday.

Coca-Cola HBC Stock Up 2.3%

CCH stock traded up GBX 86 ($1.16) during midday trading on Thursday, reaching GBX 3,872 ($52.06). 574,769 shares of the company were exchanged, compared to its average volume of 1,891,966. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. Coca-Cola HBC has a 1-year low of GBX 2,620 ($35.22) and a 1-year high of GBX 4,102 ($55.15). The stock's 50-day simple moving average is GBX 3,902.55 and its 200 day simple moving average is GBX 3,638.38. The company has a market cap of £16.76 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic acquired 882 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were purchased at an average cost of GBX 3,944 ($53.03) per share, for a total transaction of £34,786.08 ($46,768.06). In the last 90 days, insiders have acquired 1,136 shares of company stock valued at $4,467,552. Company insiders own 47.16% 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 750 million consumers across a broad geographic footprint of 29 countries.