Coca-Cola HBC (LON:CCH) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Coca-Cola HBC (LON:CCH) in a research report released on Thursday morning, Marketbeat.com reports.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the company a “buy” rating in a research report on Thursday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,400 target price on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 4,068 price target on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola HBC presently has an average rating of “Buy” and an average target price of GBX 4,104.50.

Coca-Cola HBC Price Performance

Shares of CCH stock opened at GBX 3,530 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. Coca-Cola HBC has a fifty-two week low of GBX 2,652 and a fifty-two week high of GBX 4,102. The firm has a market cap of £12.83 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.03 and a beta of 0.94. The business’s 50 day moving average price is GBX 3,539.21 and its 200-day moving average price is GBX 3,766.53.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 154 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average cost of GBX 3,546 per share, with a total value of £5,460.84. Also, insider Pantelis Lekkas acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average cost of GBX 3,450 per share, for a total transaction of £345,000. Over the last quarter, insiders purchased 10,304 shares of company stock valued at $35,586,534. 99.20% of the stock is owned by company insiders.

Coca-Cola HBC Company Profile

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.