Coca-Cola HBC (LON:CCH) Receives Overweight Rating from JPMorgan Chase & Co.

Coca-Cola HBC (LON:CCH)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Friday,Digital Look reports.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research report on Friday, November 28th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,400 target price on shares of Coca-Cola HBC in a report on Friday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola HBC has an average rating of “Buy” and an average target price of GBX 4,147.

Coca-Cola HBC Stock Performance

LON CCH traded up GBX 13.80 during trading hours on Friday, hitting GBX 3,931.80. 284,333 shares of the company’s stock traded hands, compared to its average volume of 3,927,594. Coca-Cola HBC has a 52 week low of GBX 2,690 and a 52 week high of GBX 4,102. The firm has a market capitalization of £14.29 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The business’s fifty day moving average price is GBX 3,707.31 and its two-hundred day moving average price is GBX 3,720.62.

Insider Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Pantelis Lekkas acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average cost of GBX 3,450 per share, for a total transaction of £345,000. Also, insider Zoran Bogdanovic sold 15,000 shares of Coca-Cola HBC stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Insiders have acquired a total of 10,450 shares of company stock worth $36,141,472 over the last 90 days. 99.20% of the stock is currently owned by company insiders.

Coca-Cola HBC Company Profile

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.