Coca-Cola HBC (LON:CCH) Upgraded to "Buy" at Berenberg Bank

Key Points

• Berenberg Bank upgraded Coca‑Cola HBC to a "Buy" with a new target of GBX 5,007 (up from GBX 4,068), implying about a 16.9% upside; the stock carries a consensus "Buy" rating with an average price target of GBX 4,794.25.
• CCH shares opened at GBX 4,284, trading between a 52‑week low of GBX 3,270 and high of GBX 4,890, with a market cap of £15.61bn, a PE of 16.54 and a PEG of 1.03.
• Insider activity is mixed: Anastasios Leventis sold 6,000 shares at GBX 4,735 while CEO Zoran Bogdanovic bought 1,745 shares at GBX 4,353, and over the past 90 days insiders sold more value than they bought; insiders are reported to own 99.08% of the stock.

Coca-Cola HBC (LON:CCH - Get Free Report) was upgraded by equities researchers at Berenberg Bank to a "buy" rating in a report released on Friday,London Stock Exchange reports. The firm presently has a GBX 5,007 target price on the stock, up from their prior target price of GBX 4,068. Berenberg Bank's target price points to a potential upside of 16.88% from the stock's previous close.

Other research analysts also recently issued reports about the stock. UBS Group reaffirmed a "buy" rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 4,800 price objective on shares of Coca-Cola HBC in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 4,794.25.

Coca-Cola HBC Stock Performance

Shares of CCH opened at GBX 4,284 on Friday. The company's 50 day moving average price is GBX 4,389.30 and its 200 day moving average price is GBX 4,053.05. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 4,890. The company has a market capitalization of £15.61 billion, a PE ratio of 16.54, a PEG ratio of 1.03 and a beta of 0.55. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.80 and a current ratio of 1.19.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Anastasios I. Leventis sold 6,000 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of GBX 4,735, for a total value of £284,100. Also, insider Zoran Bogdanovic bought 1,745 shares of the firm's stock in a transaction on Friday, April 17th. The stock was acquired at an average cost of GBX 4,353 per share, with a total value of £75,959.85. Over the last ninety days, insiders acquired 237,160 shares of company stock valued at $1,102,863,442 and sold 265,703 shares valued at $1,256,697,560. Insiders own 99.08% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.