Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Coca-Cola HBC (LON:CCH) Stock

Coca-Cola HBC (LON:CCH) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,850 ($52.55) to GBX 3,950 ($53.91) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 0.35% from the company’s current price.

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 3,650 ($49.82) price target on shares of Coca-Cola HBC in a research note on Friday, March 28th.

Coca-Cola HBC Price Performance

Shares of CCH stock opened at GBX 3,964 ($54.10) on Thursday. Coca-Cola HBC has a fifty-two week low of GBX 2,620 ($35.76) and a fifty-two week high of GBX 4,102 ($55.98). The firm has a market capitalization of £17.15 billion, a price-to-earnings ratio of 27.40, a PEG 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. The stock’s 50-day simple moving average is GBX 3,880.71 and its 200-day simple moving average is GBX 3,422.41.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 137 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average price of GBX 3,864 ($52.74) per share, for a total transaction of £5,293.68 ($7,224.89). Insiders bought a total of 1,168 shares of company stock worth $4,413,702 in the last 90 days. 47.16% of the stock is currently owned by 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.