Jefferies Financial Group Reiterates Buy Rating for Coca-Cola HBC (LON:CCH)

Key Points

• Jefferies Financial Group has reiterated a buy rating for Coca-Cola HBC, setting a price target of GBX 4,400 ($58.78), indicating an upside potential of 18.60% from its previous close.
• Deutsche Bank has also raised its price target for Coca-Cola HBC from GBX 3,850 ($51.43) to GBX 3,950 ($52.77), maintaining a buy rating.
• Coca-Cola HBC's stock is currently trading at GBX 3,710 ($49.56), with insiders purchasing a significant amount of shares, indicating confidence in the company's future performance.

Coca-Cola HBC (LON:CCH - Get Free Report)'s stock had its "buy" rating reissued by Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 4,400 ($58.78) price target on the stock. Jefferies Financial Group's price objective points to a potential upside of 18.60% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola HBC from GBX 3,850 ($51.43) to GBX 3,950 ($52.77) and gave the company a "buy" rating in a research note on Thursday, July 3rd.

Coca-Cola HBC Trading Up 1.6%

LON CCH opened at GBX 3,710 ($49.56) on Thursday. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The firm has a market cap of £16.05 billion, a PE ratio of 25.64, a P/E/G ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a one year low of GBX 2,620 ($35.00) and a one year high of GBX 4,102 ($54.80). The firm's fifty day moving average is GBX 3,904.81 and its two-hundred day moving average is GBX 3,612.73.

Insider Activity

In other news, insider Zoran Bogdanovic purchased 882 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of GBX 3,944 ($52.69) per share, for a total transaction of £34,786.08 ($46,468.18). Insiders have bought 1,136 shares of company stock worth $4,467,552 in the last quarter. Insiders own 47.16% 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.

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