Coca-Cola HBC (LON:CCH) Given Buy Rating at Berenberg Bank

Key Points

• Coca-Cola HBC received a "buy" rating from Berenberg Bank, with a target price of GBX 4,068 ($54.34), suggesting a potential upside of 9.65% from its previous close.
• Other firms, including Deutsche Bank and Jefferies Financial Group, also issued "buy" ratings with price objectives of GBX 3,950 ($52.77) and GBX 4,400 ($58.78) respectively.
• Coca-Cola HBC's stock has shown a recent increase of 1.6%, with a current stock price of GBX 3,710 ($49.56) and a market capitalization of £16.05 billion.

Berenberg Bank reissued their buy rating on shares of Coca-Cola HBC (LON:CCH - Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 4,068 ($54.71) price objective on the stock.

Several other brokerages have also recently commented on CCH. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola HBC from GBX 3,850 ($51.78) to GBX 3,950 ($53.13) and gave the company a "buy" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Coca-Cola HBC in a research note on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 4,400 ($59.18) price target on shares of Coca-Cola HBC in a research note on Thursday.

Coca-Cola HBC Stock Down 0.5%

Shares of LON CCH traded down GBX 18 ($0.24) during trading hours on Wednesday, hitting GBX 3,786 ($50.92). The stock had a trading volume of 1,387,198 shares, compared to its average volume of 1,900,575. The company has a market capitalization of £16.38 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.03 and a beta of 0.94. The firm's 50-day moving average price is GBX 3,902.55 and its two-hundred day moving average price is GBX 3,626.37. Coca-Cola HBC has a 52 week low of GBX 2,620 ($35.24) and a 52 week high of GBX 4,102 ($55.17). The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic bought 882 shares of Coca-Cola HBC stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of GBX 3,944 ($53.05) per share, for a total transaction of £34,786.08 ($46,786.93). In the last three months, insiders purchased 1,136 shares of company stock valued at $4,467,552. 47.16% of the stock is currently owned by insiders.

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 750 million consumers across a broad geographic footprint of 29 countries.