Coca-Cola HBC’s (CCH) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Coca-Cola HBC (LON:CCH)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 5,620 price objective on the stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 32.30% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank raised their price target on shares of 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,600 price objective on shares of Coca-Cola HBC in a research note on Wednesday, November 4th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 5,325.60.

Coca-Cola HBC Stock Performance

CCH traded up GBX 24 during midday trading on Tuesday, reaching GBX 4,248. The company had a trading volume of 1,232,671 shares, compared to its average volume of 7,383,322. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a market cap of £15.48 billion, a PE ratio of 15.56, a P/E/G ratio of 1.03 and a beta of 0.52. Coca-Cola HBC has a 12-month low of GBX 3,540 and a 12-month high of GBX 5,195. The business has a 50-day moving average price of GBX 4,455.52 and a two-hundred day moving average price of GBX 4,496.90.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic acquired 118 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were acquired at an average cost of GBX 4,377 per share, for a total transaction of £5,164.86. Over the last ninety days, insiders bought 5,115 shares of company stock valued at $21,932,035. Company 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 760 million consumers across a broad geographic footprint of 29 countries.