Coca-Cola HBC AG (LON:CCH) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Coca-Cola HBC AG (LON:CCH) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 5,346.60.

Several brokerages have recently commented on CCH. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,600 target price on shares of Coca-Cola HBC in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Finally, Berenberg Bank raised their price objective on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a research note on Tuesday, September 29th.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 118 shares of the company’s stock in a transaction on Friday, October 16th. The shares were bought at an average cost of GBX 4,377 per share, with a total value of £5,164.86. Insiders have acquired a total of 5,115 shares of company stock worth $21,932,035 in the last three months. 95.73% of the stock is owned by insiders.

Coca-Cola HBC Trading Up 1.9%

Shares of LON CCH opened at GBX 5,030 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The stock’s 50 day moving average price is GBX 4,482.24 and its two-hundred day moving average price is GBX 4,493.17. Coca-Cola HBC has a 52-week low of GBX 3,470 and a 52-week high of GBX 5,195. The stock has a market capitalization of £18.33 billion, a P/E ratio of 18.42, a PEG ratio of 1.03 and a beta of 0.52.

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.