Coca-Cola HBC (LON:CCH) Price Target Raised to GBX 5,700

Coca-Cola HBC (LON:CCH) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 5,550 to GBX 5,700 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 13.77% from the company’s previous close.

Other analysts also recently issued research reports about the company. Berenberg Bank lifted their target price on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a research note on Wednesday. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Finally, Citigroup lifted their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,315.60.

Coca-Cola HBC Price Performance

Shares of Coca-Cola HBC stock opened at GBX 5,010 on Thursday. The company has a market capitalization of £18.26 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.03 and a beta of 0.55. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65. The stock’s 50-day simple moving average is GBX 4,753.11 and its 200-day simple moving average is GBX 4,482.62. Coca-Cola HBC has a 52 week low of GBX 3,270 and a 52 week high of GBX 5,195.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic acquired 126,674 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of GBX 4,591 per share, for a total transaction of £5,815,603.34. Insiders bought a total of 126,916 shares of company stock worth $582,653,646 in the last ninety days. Company insiders own 95.72% of the company’s stock.

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