Coca-Cola HBC's (CCH) "Buy" Rating Reiterated 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 research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 4,068 ($54.69) price target on the stock.

Several other brokerages have also commented on CCH. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Coca-Cola HBC in a research note on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 4,400 ($59.16) price objective on shares of Coca-Cola HBC in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on 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.

Coca-Cola HBC Trading Up 2.3%

LON CCH traded up GBX 86 ($1.16) on Wednesday, reaching GBX 3,872 ($52.06). The stock had a trading volume of 574,769 shares, compared to its average volume of 1,891,966. The firm has a market capitalization of £16.76 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. Coca-Cola HBC has a 12-month low of GBX 2,620 ($35.22) and a 12-month high of GBX 4,102 ($55.15). The stock has a fifty day moving average price of GBX 3,902.55 and a two-hundred day moving average price of GBX 3,638.38.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 882 shares of the stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of GBX 3,944 ($53.03) per share, for a total transaction of £34,786.08 ($46,768.06). Insiders have bought 1,136 shares of company stock worth $4,467,552 in the last quarter. Corporate insiders own 47.16% of the company's stock.

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.