Coca-Cola HBC (LON:CCH) Rating Reiterated by Citigroup

Coca-Cola HBC (LON:CCH)‘s stock had its “neutral” rating restated by equities research analysts at Citigroup in a research note issued to investors on Thursday, Digital Look reports.

CCH has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,000 ($37.95) price objective on shares of Coca-Cola HBC in a report on Wednesday, May 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,350 ($29.72) price target on shares of Coca-Cola HBC in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,950 ($37.31) price objective on shares of Coca-Cola HBC in a research report on Thursday. Finally, Barclays reissued an “overweight” rating and issued a GBX 3,000 ($37.95) target price on shares of Coca-Cola HBC in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,825 ($35.73).

Coca-Cola HBC Stock Performance

Shares of CCH stock opened at GBX 2,712 ($34.30) on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 107.46. The company’s fifty day moving average price is GBX 2,700.76 and its 200-day moving average price is GBX 2,498.36. The stock has a market cap of £9.90 billion, a PE ratio of 1,831.08, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. Coca-Cola HBC has a 12 month low of GBX 2,065 ($26.12) and a 12 month high of GBX 2,830 ($35.80).

Insider Transactions at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 157 shares of Coca-Cola HBC stock in a transaction dated Friday, May 17th. The stock was purchased at an average price of GBX 2,796 ($35.37) per share, with a total value of £4,389.72 ($5,552.39). Insiders purchased 508 shares of company stock worth $1,332,421 over the last three months. 47.22% of the stock is currently owned by company insiders.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.