Coca-Cola HBC AG (LON:CCH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Coca-Cola HBC AG (LON:CCH) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 4,980.40.

Several research firms have recently issued reports on CCH. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Friday. Berenberg Bank raised shares of Coca-Cola HBC to a “buy” rating and raised their target price for the company from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. Citigroup upped their price target 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. Finally, UBS Group reissued 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.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic sold 13,609 shares of Coca-Cola HBC stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 4,808, for a total transaction of £654,320.72. In the last 90 days, insiders have purchased 128,551 shares of company stock valued at $589,703,591. Company insiders own 95.73% of the company’s stock.

Coca-Cola HBC Trading Down 0.3%

Shares of Coca-Cola HBC stock opened at GBX 5,125 on Friday. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.80 and a current ratio of 1.19. The firm has a 50-day moving average of GBX 4,415.62 and a 200-day moving average of GBX 4,291.19. Coca-Cola HBC has a 52-week low of GBX 3,270 and a 52-week high of GBX 5,140.26. The stock has a market cap of £18.68 billion, a PE ratio of 19.79, a PEG ratio of 1.03 and a beta of 0.55.

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.