Coca-Cola HBC - CCH Share Forecast, Price & News

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks. It markets and sells its products under several brands, including Coca-Cola, Fanta, Sprite, Adez, Aquarius, Averna, Amita, Avra, Deep RiverRock, Fruice, Kinley, Schweppes, and various other brands; and distributes third-party products, such as Monster energy drinks, and beer. The company serves retail outlets, including supermarkets, hypermarkets, discounters, convenience stores, wholesalers, hotels, restaurants, cafés, and e-commerce retailers. Coca-Cola HBC AG was founded in 1969 and is headquartered in Steinhausen, Switzerland.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCH. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola HBC from GBX 2,525 ($30.51) to GBX 2,600 ($31.42) and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 1,900 ($22.96) price target on shares of Coca-Cola HBC in a report on Friday, May 13th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,000 ($24.17) price objective on shares of Coca-Cola HBC in a report on Thursday, June 16th. Barclays boosted their target price on shares of Coca-Cola HBC from GBX 1,825 ($22.05) to GBX 2,200 ($26.58) and gave the company a "neutral" rating in a report on Monday. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Coca-Cola HBC in a research note on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Coca-Cola HBC has a consensus rating of "Hold" and an average target price of GBX 2,080 ($25.13).

Coca-Cola HBC Trading Down 0.2 %

CCH traded down GBX 5 ($0.06) on Tuesday, reaching GBX 2,038 ($24.63). 721,367 shares of the company's stock were exchanged, compared to its average volume of 1,137,553. Coca-Cola HBC has a twelve month low of GBX 1,403.50 ($16.96) and a twelve month high of GBX 2,727 ($32.95). The company's 50 day moving average is GBX 1,877.87 and its 200-day moving average is GBX 1,833.06. The company has a debt-to-equity ratio of 101.90, a quick ratio of 0.80 and a current ratio of 1.02. The company has a market cap of £7.47 billion and a price-to-earnings ratio of 1,598.41.

Coca-Cola HBC Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, August 2nd. Stockholders of record on Thursday, July 7th were given a €0.71 ($0.72) dividend. The ex-dividend date was Thursday, July 7th. This represents a dividend yield of 3.56%. This is a positive change from Coca-Cola HBC's previous dividend of $0.64. Coca-Cola HBC's dividend payout ratio is presently 50.79%.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 227 shares of the firm's stock in a transaction that occurred on Friday, June 17th. The stock was purchased at an average cost of GBX 1,799 ($21.74) per share, with a total value of £4,083.73 ($4,934.42).