Coca Cola HBC AG (LON:CCH) Receives GBX 3,150 Consensus Target Price from Brokerages

Shares of Coca Cola HBC AG (LON:CCH) have received a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is GBX 3,075 ($40.18).

Several equities research analysts have issued reports on CCH shares. Jefferies Financial Group restated a “buy” rating and set a GBX 3,000 ($39.20) price objective on shares of Coca Cola HBC in a research report on Thursday, August 1st. Deutsche Bank restated a “buy” rating on shares of Coca Cola HBC in a research report on Friday. UBS Group restated a “buy” rating on shares of Coca Cola HBC in a research report on Friday. Credit Suisse Group restated an “outperform” rating on shares of Coca Cola HBC in a research report on Tuesday, June 4th. Finally, Shore Capital restated an “under review” rating on shares of Coca Cola HBC in a research report on Thursday, August 8th.

In other Coca Cola HBC news, insider Zoran Bogdanovic sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of GBX 2,910 ($38.02), for a total transaction of £465,600 ($608,388.87). Over the last 90 days, insiders have acquired 425 shares of company stock valued at $1,206,309.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank bought a new stake in shares of Coca Cola HBC in the first quarter worth $996,000. Bank of Montreal Can bought a new stake in shares of Coca Cola HBC in the first quarter worth $4,473,000. Finally, California Public Employees Retirement System bought a new stake in shares of Coca Cola HBC in the fourth quarter worth $303,000.

CCH stock traded down GBX 46 ($0.60) during mid-day trading on Tuesday, hitting GBX 2,709 ($35.40). 602,447 shares of the company were exchanged, compared to its average volume of 875,987. The business has a 50 day simple moving average of GBX 2,818.74. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 51.48. The firm has a market cap of $9.84 billion and a PE ratio of 18.90. Coca Cola HBC has a 1-year low of GBX 2,224 ($29.06) and a 1-year high of GBX 3,094 ($40.43).

Coca Cola HBC Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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