Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Coca-Cola HBC (LON:CCH) Stock Price

Coca-Cola HBC (LON:CCH) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 5,700 to GBX 5,725 in a report released on Wednesday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 24.03% from the stock’s current price.

Several other brokerages also recently commented on CCH. Berenberg Bank increased their price target on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Finally, Citigroup upped 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 report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,320.60.

Coca-Cola HBC Stock Performance

Shares of CCH stock traded up GBX 10 during trading on Wednesday, reaching GBX 4,616. The company had a trading volume of 1,623,066 shares, compared to its average volume of 7,657,819. The firm’s 50 day simple moving average is GBX 4,740.43 and its two-hundred day simple moving average is GBX 4,543.46. Coca-Cola HBC has a one year low of GBX 3,270 and a one year high of GBX 5,195. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The company has a market capitalization of £16.82 billion, a PE ratio of 17.82, a PEG ratio of 1.03 and a beta of 0.54.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 120 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of GBX 4,553 per share, for a total transaction of £5,463.60. 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.