Jefferies Financial Group Reiterates Buy Rating for Coca-Cola HBC (LON:CCH)

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 5,500 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.53% from the stock’s previous close.

Other analysts also recently issued research reports about the company. UBS Group reiterated a “buy” rating and set a GBX 4,900 price target 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 raised their price objective for the stock from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 4,969.25.

Coca-Cola HBC Price Performance

LON CCH opened at GBX 5,115 on Friday. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80. The stock’s fifty day moving average price is GBX 4,415.62 and its 200 day moving average price is GBX 4,291.19. Coca-Cola HBC has a 1 year low of GBX 3,270 and a 1 year high of GBX 5,140.26. The company has a market cap of £18.64 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.03 and a beta of 0.55.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 126,674 shares of the stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of GBX 4,591 per share, for a total transaction of £5,815,603.34. Insiders purchased 128,551 shares of company stock valued at $589,703,591 over the last three months. Insiders own 95.73% of the company’s stock.

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.