Coca-Cola HBC’s (CCH) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Coca-Cola HBC (LON:CCH) in a research note published on Wednesday, MarketBeat.com reports. They currently have a GBX 3,000 ($37.68) price target on the stock.

Separately, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 2,350 ($29.52) target price on shares of Coca-Cola HBC in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of GBX 2,860 ($35.93).

Coca-Cola HBC Trading Down 0.8 %

Coca-Cola HBC stock opened at GBX 2,614 ($32.84) on Wednesday. The stock has a 50-day simple moving average of GBX 2,474.16 and a 200 day simple moving average of GBX 2,326.97. The stock has a market capitalization of £9.54 billion, a P/E ratio of 1,774.32, a PEG ratio of 1.33 and a beta of 0.92. The company has a debt-to-equity ratio of 107.46, a quick ratio of 0.80 and a current ratio of 1.02. Coca-Cola HBC has a 52 week low of GBX 2,065 ($25.94) and a 52 week high of GBX 2,656 ($33.36).

Coca-Cola HBC Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 30th will be given a dividend of €0.93 ($1.00) per share. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from Coca-Cola HBC’s previous dividend of $0.78. This represents a yield of 3.25%. Coca-Cola HBC’s dividend payout ratio (DPR) is 4,527.03%.

Insider Activity

In related news, insider Zoran Bogdanovic sold 5,099 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of GBX 2,519 ($31.64), for a total transaction of £128,443.81 ($161,341.30). Over the last quarter, insiders have bought 527 shares of company stock valued at $1,287,689 and have sold 59,567 shares valued at $148,711,721. 47.20% of the stock is owned by company insiders.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.