Coca-Cola HBC (LON:CCH) Given New GBX 5,483 Price Target at Berenberg Bank

by · The Markets Daily

Coca-Cola HBC (LON:CCH – Free Report) had its price target boosted by Berenberg Bank from GBX 5,453 to GBX 5,483 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on CCH. Jefferies Financial Group reaffirmed 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Finally, Citigroup increased their target price 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Coca-Cola HBC has an average rating of “Moderate Buy” and an average price target of GBX 5,326.60.

View Our Latest Stock Report on Coca-Cola HBC

Coca-Cola HBC Stock Performance

LON:CCH opened at GBX 4,339.66 on Tuesday. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a 50-day simple moving average of GBX 4,634.06 and a two-hundred day simple moving average of GBX 4,527.66. The firm has a market capitalization of £15.82 billion, a PE ratio of 16.76, a P/E/G ratio of 1.03 and a beta of 0.54. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 5,195.

Insider Buying and Selling

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 4,750 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Insiders bought 5,107 shares of company stock worth $21,961,589 over the last quarter. 95.72% of the stock is owned by company insiders.

Coca-Cola HBC Company Profile

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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.

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