Barclays restated their overweight rating on shares of Coca Cola HBC (LON:CCH) in a research note released on Wednesday morning, Digital Look reports. They currently have a GBX 3,150 ($41.16) target price on the stock.
CCH has been the subject of several other research reports. Shore Capital reaffirmed a house stock rating on shares of LIFE SETT/PAR VTG A FPD 0.01 in a research note on Thursday, May 2nd. UBS Group set a €117.00 ($136.05) price target on SAP and gave the stock a neutral rating in a research note on Tuesday, May 21st. Deutsche Bank set a $81.00 price target on Franco Nevada and gave the stock a hold rating in a research note on Thursday, July 11th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 3,000 ($39.20) price target on shares of in a research note on Monday, June 3rd. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 3,175 ($41.49) price target on shares of in a research note on Tuesday, June 4th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus price target of GBX 3,040 ($39.72).
Shares of CCH stock opened at GBX 2,735 ($35.74) on Wednesday. The company has a debt-to-equity ratio of 51.48, a quick ratio of 0.94 and a current ratio of 1.21. The business’s 50-day moving average price is GBX 2,878.90. Coca Cola HBC has a 12-month low of GBX 2,224 ($29.06) and a 12-month high of GBX 3,094 ($40.43). The company has a market capitalization of $9.93 billion and a price-to-earnings ratio of 19.09.
In other news, insider Zoran Bogdanovic sold 16,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of GBX 2,910 ($38.02), for a total value of £465,600 ($608,388.87). In the last ninety days, insiders have acquired 425 shares of company stock valued at $1,206,309.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCH. Bank of Montreal Can bought a new stake in shares of Coca Cola HBC in the 1st quarter valued at about $4,473,000. Toronto Dominion Bank bought a new stake in shares of Coca Cola HBC in the 1st quarter valued at about $996,000. Finally, California Public Employees Retirement System bought a new stake in shares of Coca Cola HBC in the 4th quarter valued at about $303,000.
About Coca Cola HBC
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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