Coca-Cola HBC's (CCH) "Overweight" Rating Reiterated at Barclays

Coca-Cola HBC (LON:CCH - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Barclays in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 3,000 ($37.68) price objective on the stock. Barclays's price objective would suggest a potential upside of 15.30% from the company's current price.

CCH has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 2,350 ($29.52) target price on shares of Coca-Cola HBC in a report on Wednesday, April 3rd. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,000 ($37.68) target price on shares of Coca-Cola HBC in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 2,860 ($35.93).

Coca-Cola HBC Stock Up 0.5 %

Shares of LON CCH traded up GBX 12 ($0.15) during trading on Wednesday, hitting GBX 2,602 ($32.68). 220,337 shares of the company traded hands, compared to its average volume of 687,337. The business's fifty day moving average is GBX 2,469.30 and its 200 day moving average is GBX 2,322.86. Coca-Cola HBC has a fifty-two week low of GBX 2,065 ($25.94) and a fifty-two week high of GBX 2,636 ($33.11). The firm has a market capitalization of £9.50 billion, a price-to-earnings ratio of 1,758.11, a P/E/G ratio of 1.33 and a beta of 0.92. The company has a debt-to-equity ratio of 107.46, a quick ratio of 0.80 and a current ratio of 1.02.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 39,335 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of GBX 2,500 ($31.40), for a total transaction of £983,375 ($1,235,240.55). In the last quarter, insiders bought 527 shares of company stock valued at $1,287,689 and sold 59,567 shares valued at $148,711,721. 47.20% of the stock is currently owned by corporate insiders.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.