Coca-Cola HBC AG (LON:CCH) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Coca-Cola HBC “Moderate Buy,” with five buy ratings and one hold among six analysts. The average 12-month price target is GBX 5,315.60, above the stock’s GBX 4,586 opening price.
• Several brokerages recently raised their price targets, including Deutsche Bank to GBX 5,700, Berenberg to GBX 5,453, and Jefferies’ reiterated target of GBX 5,500.
• Coca-Cola HBC has a £16.71 billion market capitalization and operates across 29 countries, serving approximately 760 million consumers. Insider Zoran Bogdanovic sold 13,609 shares for about £654,321.

Coca-Cola HBC AG (LON:CCH - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 5,315.60.

A number of brokerages have commented on CCH. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Berenberg Bank raised their price target on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a "buy" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Citigroup boosted their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a "neutral" rating in a research note on Friday, July 3rd.

Coca-Cola HBC Price Performance

Shares of CCH stock opened at GBX 4,586 on Wednesday. Coca-Cola HBC has a 1-year low of GBX 3,270 and a 1-year high of GBX 5,195. The stock's 50-day moving average is GBX 4,740.43 and its 200 day moving average is GBX 4,543.46. The company has a market cap of £16.71 billion, a P/E ratio of 17.71, a PEG ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80.

Insider Transactions at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 13,609 shares of the company's stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 4,808, for a total transaction of £654,320.72. Corporate insiders own 95.72% 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 760 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.