Coca-Cola HBC AG (LON:CCH) Given Consensus Rating of “Moderate Buy” by Analysts

Coca-Cola HBC AG (LON:CCH – Get Rating) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 2,310 ($28.15).

CCH has been the subject of a number of research analyst reports. Numis Securities reiterated an “add” rating and set a GBX 2,200 ($26.81) price objective on shares of Coca-Cola HBC in a research report on Tuesday, February 14th. Barclays dropped their price target on Coca-Cola HBC from GBX 2,700 ($32.91) to GBX 2,500 ($30.47) and set an “overweight” rating for the company in a research note on Thursday, February 16th.

Coca-Cola HBC Stock Performance

Shares of LON:CCH opened at GBX 2,132 ($25.98) on Friday. The company has a debt-to-equity ratio of 101.01, a current ratio of 1.24 and a quick ratio of 0.80. Coca-Cola HBC has a 1 year low of GBX 1,496 ($18.23) and a 1 year high of GBX 2,194 ($26.74). The stock has a market capitalization of £7.82 billion, a price-to-earnings ratio of 2,175.51, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93. The company’s 50 day simple moving average is GBX 2,024.52 and its 200 day simple moving average is GBX 1,979.71.

Insider Activity at Coca-Cola HBC

In other news, insider Zoran Bogdanovic acquired 214 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was purchased at an average price of GBX 1,944 ($23.69) per share, for a total transaction of £4,160.16 ($5,070.27). In the last 90 days, insiders sold 38,200 shares of company stock valued at $81,386,303. 46.88% of the stock is owned by company insiders.

About Coca-Cola HBC

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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.