Numis Securities Reiterates Add Rating for Coca-Cola HBC (LON:CCH)

Coca-Cola HBC (LON:CCH – Get Rating)‘s stock had its “add” rating reiterated by investment analysts at Numis Securities in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 2,800 ($34.83) price objective on the stock. Numis Securities’ target price would suggest a potential upside of 15.61% from the stock’s current price.

A number of other research firms have also recently weighed in on CCH. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Coca-Cola HBC from GBX 2,580 ($32.09) to GBX 2,545 ($31.65) and set a “buy” rating on the stock in a research note on Tuesday, April 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,200 ($27.36) price target on shares of Coca-Cola HBC in a research note on Tuesday, April 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,800 ($34.83) price objective on shares of Coca-Cola HBC in a research note on Wednesday, March 22nd. Citigroup reissued a “neutral” rating and issued a GBX 2,270 ($28.23) price objective on shares of Coca-Cola HBC in a research note on Tuesday, April 4th. Finally, Barclays reissued an “overweight” rating and issued a GBX 2,700 ($33.58) price objective on shares of Coca-Cola HBC in a research note on Tuesday, April 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola HBC has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,552.50 ($31.75).

Coca-Cola HBC Stock Up 1.3 %

CCH stock opened at GBX 2,422 ($30.12) on Thursday. The company has a fifty day moving average price of GBX 2,378.04 and a 200 day moving average price of GBX 2,137.76. Coca-Cola HBC has a 12 month low of GBX 1,660.50 ($20.65) and a 12 month high of GBX 2,582 ($32.11). The company has a market cap of £8.89 billion, a price-to-earnings ratio of 2,471.43, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 101.01, a current ratio of 1.24 and a quick ratio of 0.80.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic bought 167 shares of Coca-Cola HBC stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of GBX 2,572 ($31.99) per share, for a total transaction of £4,295.24 ($5,342.34). In the last ninety days, insiders purchased 556 shares of company stock worth $1,293,113. 46.86% of the stock is currently owned by 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.