Coca-Cola HBC (LON:CCH) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Coca-Cola HBC (LON:CCH - Get Free Report) had its price objective increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 3,850 ($52.53) to GBX 3,950 ($53.90) in a report released on Thursday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential downside of 2.03% from the stock's current price.

Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 3,650 ($49.80) price objective on shares of Coca-Cola HBC in a report on Friday, March 28th.

Coca-Cola HBC Trading Up 1.7%

CCH stock traded up GBX 68 ($0.93) during trading on Thursday, reaching GBX 4,032 ($55.01). The company had a trading volume of 357,896 shares, compared to its average volume of 2,143,016. Coca-Cola HBC has a 52 week low of GBX 2,620 ($35.75) and a 52 week high of GBX 4,102 ($55.97). The company has a market cap of £17.45 billion, a P/E ratio of 27.87, a PEG ratio of 1.03 and a beta of 0.94. The business has a 50 day moving average of GBX 3,880.71 and a 200 day moving average of GBX 3,427.43. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic purchased 137 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of GBX 3,864 ($52.72) per share, for a total transaction of £5,293.68 ($7,222.92). Insiders have bought a total of 1,168 shares of company stock valued at $4,413,702 in the last 90 days. 47.16% of the stock is currently owned by corporate 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.