Coca Cola HBC’s (CCH) Buy Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of Coca Cola HBC (LON:CCH) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

Other analysts have also issued reports about the stock. Barclays reissued an overweight rating and issued a GBX 3,300 ($43.12) price target on shares of Coca Cola HBC in a research report on Tuesday, October 8th. Liberum Capital reissued a buy rating on shares of Coca Cola HBC in a research report on Wednesday. Deutsche Bank reduced their price target on shares of Coca Cola HBC from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a buy rating for the company in a research report on Thursday. Jefferies Financial Group reissued a buy rating and issued a GBX 2,900 ($37.89) price target on shares of Coca Cola HBC in a research report on Thursday, November 7th. Finally, Shore Capital reissued an under review rating on shares of Coca Cola HBC in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating, Coca Cola HBC currently has an average rating of Buy and a consensus target price of GBX 3,047.50 ($39.82).

Shares of LON CCH traded down GBX 80 ($1.05) during mid-day trading on Thursday, reaching GBX 2,476 ($32.35). The company had a trading volume of 1,128,271 shares, compared to its average volume of 875,987. The stock has a fifty day moving average of GBX 2,461.74 and a two-hundred day moving average of GBX 2,708.67. The company has a debt-to-equity ratio of 120.05, a quick ratio of 0.78 and a current ratio of 0.94. The company has a market capitalization of $9.09 billion and a price-to-earnings ratio of 17.28. Coca Cola HBC has a 12-month low of GBX 2,224 ($29.06) and a 12-month high of GBX 3,094 ($40.43).

In other Coca Cola HBC news, insider Zoran Bogdanovic acquired 161 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average price of GBX 2,437 ($31.84) per share, with a total value of £3,923.57 ($5,126.84).

Coca Cola HBC Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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