Coca-Cola HBC (LON:CCH) Receives “Buy” Rating from Jefferies Financial Group

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat reports. They presently have a GBX 4,400 ($59.18) price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 16.22% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola HBC from GBX 3,850 ($51.78) to GBX 3,950 ($53.13) and gave the company a “buy” rating in a research report on Thursday, July 3rd.

Coca-Cola HBC Trading Down 0.5%

LON:CCH opened at GBX 3,786 ($50.92) on Thursday. The company has a 50-day moving average price of GBX 3,902.55 and a 200-day moving average price of GBX 3,626.37. Coca-Cola HBC has a 12 month low of GBX 2,620 ($35.24) and a 12 month high of GBX 4,102 ($55.17). The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The stock has a market cap of £16.38 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.03 and a beta of 0.94.

Insider Transactions at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 882 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was bought at an average cost of GBX 3,944 ($53.05) per share, with a total value of £34,786.08 ($46,786.93). Over the last three months, insiders have bought 1,136 shares of company stock worth $4,467,552. Company insiders own 47.16% of the company’s stock.

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.