Deutsche Bank Cuts Coca Cola HBC (LON:CCH) Price Target to GBX 3,000

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Coca Cola HBC (LON:CCH) had its price target lowered by research analysts at Deutsche Bank from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 19.47% from the stock’s previous close.

CCH has been the subject of several other reports. Shore Capital reiterated an “under review” rating on shares of Coca Cola HBC in a report on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Coca Cola HBC in a report on Wednesday. UBS Group reiterated a “buy” rating on shares of Coca Cola HBC in a report on Monday, August 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) price target on shares of Coca Cola HBC in a report on Thursday, November 7th. Finally, Barclays reissued an “overweight” rating and issued a GBX 3,300 ($43.12) price objective on shares of Coca Cola HBC in a research note on Tuesday, October 8th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of GBX 3,047.50 ($39.82).

Shares of Coca Cola HBC stock opened at GBX 2,511 ($32.81) on Thursday. The firm has a market cap of $9.09 billion and a price-to-earnings ratio of 17.52. The company has a debt-to-equity ratio of 120.05, a current ratio of 0.94 and a quick ratio of 0.78. Coca Cola HBC has a 52-week low of GBX 2,224 ($29.06) and a 52-week high of GBX 3,094 ($40.43). The stock has a 50-day simple moving average of GBX 2,465.14 and a 200-day simple moving average of GBX 2,710.56.

In other Coca Cola HBC news, insider Zoran Bogdanovic purchased 154 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of GBX 2,644 ($34.55) per share, with a total value of £4,071.76 ($5,320.48). Insiders purchased a total of 474 shares of company stock worth $1,232,490 over the last three months.

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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