Coca-Cola HBC's (CCH) "Buy" Rating Reaffirmed at UBS Group

Key Points

• UBS reaffirmed a Buy rating on Coca‑Cola HBC with a GBX 4,900 target, implying about a 15.46% upside from the prior close.
• Analyst consensus is positive—five analysts rate the stock Buy and the average target price is GBX 4,609.50, above the current trading level.
• Insider Zoran Bogdanovic bought 119,532 shares at GBX 4,557 (≈£5.45m), while insiders have been active recently with both sizable purchases and sales and reportedly own 99.08% of the company’s stock.

Coca-Cola HBC (LON:CCH - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at UBS Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 4,900 target price on the stock. UBS Group's price objective suggests a potential upside of 15.46% from the company's previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 5,000 target price on shares of Coca-Cola HBC in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola HBC has an average rating of "Buy" and an average target price of GBX 4,609.50.

Coca-Cola HBC Price Performance

LON:CCH opened at GBX 4,244 on Tuesday. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.80 and a current ratio of 1.19. The stock's 50-day simple moving average is GBX 4,416.36 and its 200 day simple moving average is GBX 4,034.68. The company has a market cap of £15.47 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.03 and a beta of 0.59. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 4,890.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 119,532 shares of the stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of GBX 4,557 per share, with a total value of £5,447,073.24. Also, insider Anastassis G. David sold 29,277 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of GBX 4,711, for a total value of £1,379,239.47. Over the last 90 days, insiders have acquired 237,160 shares of company stock valued at $1,102,863,442 and have sold 265,703 shares valued at $1,256,697,560. Company insiders own 99.08% 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.

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