Coca-Cola HBC AG (LON:CCH) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Coca-Cola HBC has a “Moderate Buy” consensus rating, with five buy recommendations and one hold among six analysts. The average 12-month price target is GBX 5,326.60, implying upside from the GBX 4,282 opening price.
• Recent analysts generally raised their price targets, including Deutsche Bank to GBX 5,725 and Berenberg to GBX 5,483, while Citigroup maintained a neutral rating with a GBX 5,025 target.
• Insiders have been buying shares, including CEO Zoran Bogdanovic’s purchase of 4,750 shares for approximately £202,778; insiders collectively own 95.73% of the company.

Coca-Cola HBC AG (LON:CCH - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 5,326.60.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a "buy" rating in a research report on Wednesday, September 16th. Jefferies Financial Group reissued a "buy" rating and set a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Berenberg Bank boosted their target price on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a "buy" rating in a report on Tuesday, September 29th. Finally, Citigroup increased their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a "neutral" rating in a research note on Friday, July 3rd.

Coca-Cola HBC Price Performance

Shares of LON CCH opened at GBX 4,282 on Friday. The business's 50 day moving average price is GBX 4,520.74 and its two-hundred day moving average price is GBX 4,517.32. The company has a market cap of £15.61 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. Coca-Cola HBC has a twelve month low of GBX 3,356 and a twelve month high of GBX 5,195.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic acquired 4,750 shares of Coca-Cola HBC stock in a transaction on Monday, September 21st. The stock was purchased at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Insiders have acquired 5,107 shares of company stock worth $21,961,589 over the last three months. Insiders own 95.73% 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.

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