Coca-Cola HBC’s (CCH) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Coca-Cola HBC (LON:CCH) in a report published on Friday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 3,650 ($47.19) target price on the stock.

Coca-Cola HBC Stock Performance

Shares of CCH stock opened at GBX 3,524 ($45.57) on Friday. The company has a market capitalization of £15.25 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. Coca-Cola HBC has a one year low of GBX 2,360 ($30.51) and a one year high of GBX 3,540 ($45.77). The company’s 50-day moving average is GBX 3,199.43 and its 200 day moving average is GBX 2,915.85.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 138,810 shares of the stock in a transaction dated Monday, February 17th. The shares were purchased at an average cost of GBX 3,231 ($41.78) per share, with a total value of £4,484,951.10 ($5,799,005.82). Insiders have bought a total of 268,297 shares of company stock worth $895,247,017 over the last 90 days. 47.16% of the stock is currently owned by 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 740 million consumers across a broad geographic footprint of 29 countries.