Coca Cola HBC (LON:CCH) Price Target Cut to GBX 2,900 by Analysts at Jefferies Financial Group

Coca Cola HBC (LON:CCH) had its price target reduced by Jefferies Financial Group from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) in a research report released on Wednesday, Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.

CCH has been the subject of several other research reports. Shore Capital reaffirmed an under review rating on shares of Coca Cola HBC in a research note on Thursday, August 8th. Liberum Capital started coverage on Coca Cola HBC in a research note on Tuesday, September 24th. They set a buy rating and a GBX 3,335 ($43.58) price target for the company. UBS Group reaffirmed a buy rating on shares of Coca Cola HBC in a research note on Monday, August 19th. Barclays reaffirmed an overweight rating and set a GBX 3,300 ($43.12) price target on shares of Coca Cola HBC in a research note on Tuesday. Finally, Deutsche Bank reaffirmed a buy rating on shares of Coca Cola HBC in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of GBX 3,097.50 ($40.47).

LON:CCH opened at GBX 2,539 ($33.18) on Wednesday. The firm has a market capitalization of $9.23 billion and a price-to-earnings ratio of 17.72. 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 fifty day moving average of GBX 2,659.22 and a 200 day moving average of GBX 2,746.62. The company has a debt-to-equity ratio of 120.05, a quick ratio of 0.78 and a current ratio of 0.94.

In other news, insider Zoran Bogdanovic purchased 159 shares of the company’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of GBX 2,723 ($35.58) per share, with a total value of £4,329.57 ($5,657.35). In the last ninety days, insiders have acquired 466 shares of company stock valued at $1,259,659.

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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