Jefferies Financial Group Reiterates “Buy” Rating for Coca Cola HBC (LON:CCH)

Jefferies Financial Group reissued their buy rating on shares of Coca Cola HBC (LON:CCH) in a report published on Tuesday, Digital Look reports. They currently have a GBX 2,300 ($28.30) price objective on the stock.

CCH has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Coca Cola HBC from GBX 3,000 ($36.92) to GBX 1,980 ($24.37) and set an overweight rating for the company in a report on Tuesday, March 17th. Goldman Sachs Group reissued a neutral rating on shares of Coca Cola HBC in a report on Wednesday, July 1st. UBS Group reissued a buy rating and set a GBX 2,100 ($25.84) price target (down previously from GBX 3,050 ($37.53)) on shares of Coca Cola HBC in a report on Wednesday, March 25th. Deutsche Bank reaffirmed a buy rating and issued a GBX 2,400 ($29.53) price objective on shares of Coca Cola HBC in a research note on Monday, May 11th. Finally, Barclays reaffirmed an overweight rating on shares of Coca Cola HBC in a research note on Monday, April 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 2,433.89 ($29.95).

LON:CCH opened at GBX 2,031 ($24.99) on Tuesday. The stock has a 50-day simple moving average of GBX 2,045.42 and a two-hundred day simple moving average of GBX 2,236.68. Coca Cola HBC has a 52-week low of GBX 1,393.10 ($17.14) and a 52-week high of GBX 2,933 ($36.09). The company has a debt-to-equity ratio of 123.13, a quick ratio of 0.94 and a current ratio of 1.15. The firm has a market capitalization of $7.31 billion and a PE ratio of 14.02.

The company also recently announced a dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be given a €0.62 ($0.70) dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a dividend yield of 3.05%. Coca Cola HBC’s dividend payout ratio is currently 39.08%.

In other news, insider Zoran Bogdanovic bought 188 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of GBX 2,129 ($26.20) per share, for a total transaction of £4,002.52 ($4,925.57). Insiders purchased 219,574 shares of company stock worth $411,266,027 over the last quarter.

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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