Coca-Cola HBC AG (LON:CCH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Coca-Cola HBC AG (LON:CCH) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 4,980.40.

A number of brokerages have recently commented on CCH. Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and upped their price target for the stock from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. Citigroup raised their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a “neutral” rating in a research note on Friday, July 3rd. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 target price on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,500 target price on shares of Coca-Cola HBC in a research note on Friday, July 3rd.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 110 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were bought at an average price of GBX 4,964 per share, for a total transaction of £5,460.40. In the last quarter, insiders have acquired 126,916 shares of company stock valued at $582,653,646. Company insiders own 95.72% of the company’s stock.

Coca-Cola HBC Price Performance

Shares of LON:CCH opened at GBX 4,980 on Tuesday. The company has a market cap of £18.15 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.03 and a beta of 0.54. The business has a 50 day moving average price of GBX 4,654.65 and a 200 day moving average price of GBX 4,427.93. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65. Coca-Cola HBC has a twelve month low of GBX 3,270 and a twelve month high of GBX 5,195.

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 760 million consumers across a broad geographic footprint of 29 countries.