Coca Cola HBC AG (CCH) Receives GBX 2,847.50 Consensus Price Target from Brokerages

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Coca Cola HBC AG (LON:CCH) has been given an average rating of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 2,838 ($37.08).

Several research firms recently commented on CCH. Credit Suisse Group raised their price target on shares of Coca Cola HBC from GBX 2,900 ($37.89) to GBX 2,950 ($38.55) and gave the stock an “outperform” rating in a research note on Monday, January 14th. UBS Group reaffirmed a “buy” rating on shares of Coca Cola HBC in a research note on Thursday, January 17th. Deutsche Bank raised their price target on shares of Coca Cola HBC from GBX 2,950 ($38.55) to GBX 3,150 ($41.16) and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Coca Cola HBC in a research note on Thursday.

Coca Cola HBC stock opened at GBX 2,753 ($35.97) on Friday. The stock has a market capitalization of $10.01 billion and a PE ratio of 19.21. The company has a debt-to-equity ratio of 51.48, a current ratio of 1.21 and a quick ratio of 0.94. Coca Cola HBC has a 12-month low of GBX 2,224 ($29.06) and a 12-month high of GBX 2,817 ($36.81).

In related news, insider Zoran Bogdanovic purchased 659 shares of Coca Cola HBC stock in a transaction that occurred on Wednesday, April 17th. The shares were bought at an average price of GBX 2,682 ($35.05) per share, with a total value of £17,674.38 ($23,094.71). Insiders purchased a total of 947 shares of company stock worth $2,513,342 in the last ninety days.

An institutional investor recently bought a new position in Coca Cola HBC stock. California Public Employees Retirement System bought a new stake in shares of Coca Cola HBC AG (LON:CCH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,348 shares of the company’s stock, valued at approximately $303,000.

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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