Coca-Cola HBC (LON:CCH) Insider Purchases 126,674 Shares

Coca-Cola HBC AG (LON:CCH) insider Zoran Bogdanovic bought 126,674 shares of Coca-Cola HBC stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of GBX 4,591 per share, with a total value of £5,815,603.34.

Zoran Bogdanovic also recently made the following trade(s):

• On Monday, May 18th, Zoran Bogdanovic acquired 132 shares of Coca-Cola HBC stock. The stock was acquired at an average price of GBX 4,146 per share, with a total value of £5,472.72.
• On Friday, April 17th, Zoran Bogdanovic bought 1,745 shares of Coca-Cola HBC stock. The shares were bought at an average price of GBX 4,353 per share, for a total transaction of £75,959.85.

Coca-Cola HBC Price Performance

Shares of LON:CCH traded down GBX 0.38 during midday trading on Thursday, hitting GBX 4,586. The company had a trading volume of 248,705 shares, compared to its average volume of 7,571,984. Coca-Cola HBC AG has a twelve month low of GBX 3,270 and a twelve month high of GBX 4,890. The stock has a market cap of £16.71 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The business’s 50-day simple moving average is GBX 4,321.93 and its 200-day simple moving average is GBX 4,206.13. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CCH shares. UBS Group reaffirmed a “buy” rating and issued a GBX 4,900 price objective on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and lifted their target price for the company from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,800 price target on shares of Coca-Cola HBC in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola HBC currently has an average rating of “Buy” and an average price target of GBX 4,794.25.

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 750 million consumers across a broad geographic footprint of 29 countries.