Brokerages Set Coca-Cola HBC AG (LON:CCH) PT at GBX 5,315.60

Shares of Coca-Cola HBC AG (LON:CCH) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 5,320.60.

A number of research firms recently issued reports on CCH. Citigroup increased 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 research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,500 price objective on shares of Coca-Cola HBC in a research report on Wednesday, August 5th. Berenberg Bank upped their target price on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a “buy” rating in a research report on Wednesday, September 16th.

Coca-Cola HBC Trading Down 0.0%

LON:CCH opened at GBX 4,246 on Wednesday. The company has a 50-day moving average price of GBX 4,714.47 and a 200-day moving average price of GBX 4,537.23. Coca-Cola HBC has a 12 month low of GBX 3,270 and a 12 month high of GBX 5,195. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 150.62. The stock has a market cap of £15.48 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.03 and a beta of 0.54.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic acquired 127 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was acquired at an average price of GBX 4,657 per share, for a total transaction of £5,914.39. Insiders acquired 357 shares of company stock valued at $1,683,839 over the last 90 days. 95.72% of the stock is owned by corporate insiders.

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.