Coca-Cola HBC (LON:CCH) Receives Buy Rating from Jefferies Financial Group

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 reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 4,400 ($59.16) price objective on the stock. Jefferies Financial Group's price target indicates a potential upside of 13.64% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola HBC from GBX 3,850 ($51.76) to GBX 3,950 ($53.11) and gave the stock a "buy" rating in a research report on Thursday, July 3rd.

Coca-Cola HBC Trading Up 2.3%

CCH stock traded up GBX 86 ($1.16) during mid-day trading on Thursday, hitting GBX 3,872 ($52.06). 574,769 shares of the company were exchanged, compared to its average volume of 1,891,966. The firm has a market capitalization of £16.76 billion, a P/E ratio of 26.76, a PEG ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a 12-month low of GBX 2,620 ($35.22) and a 12-month high of GBX 4,102 ($55.15). The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. The business has a fifty day simple moving average of GBX 3,902.55 and a 200-day simple moving average of GBX 3,638.38.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 882 shares of Coca-Cola HBC stock in a transaction dated Thursday, July 17th. The shares were acquired at an average price of GBX 3,944 ($53.03) per share, with a total value of £34,786.08 ($46,768.06). Insiders have bought a total of 1,136 shares of company stock worth $4,467,552 over the last 90 days. 47.16% of the stock is currently owned by corporate insiders.

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.