Coca-Cola HBC’s (CCH) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Coca-Cola HBC (LON:CCH) in a report published on Wednesday morning, Marketbeat reports. Jefferies Financial Group currently has a GBX 3,000 ($37.68) price target on the stock.

Separately, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 2,350 ($29.52) price objective on shares of Coca-Cola HBC in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of GBX 2,860 ($35.93).

Coca-Cola HBC Stock Performance

Shares of CCH opened at GBX 2,614 ($32.84) on Wednesday. The firm has a market capitalization of £9.54 billion, a PE ratio of 1,774.32, a P/E/G ratio of 1.33 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 107.46. The firm has a 50-day moving average price of GBX 2,474.16 and a 200 day moving average price of GBX 2,326.97. Coca-Cola HBC has a 52-week low of GBX 2,065 ($25.94) and a 52-week high of GBX 2,656 ($33.36).

Coca-Cola HBC Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 24th. Investors of record on Thursday, May 30th will be issued a €0.93 ($1.00) dividend. This represents a dividend yield of 3.25%. This is a boost from Coca-Cola HBC’s previous dividend of $0.78. The ex-dividend date is Thursday, May 30th. Coca-Cola HBC’s payout ratio is presently 4,527.03%.

Insider Activity

In related news, insider Zoran Bogdanovic purchased 176 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of GBX 2,455 ($30.84) per share, with a total value of £4,320.80 ($5,427.46). Over the last three months, insiders purchased 527 shares of company stock valued at $1,287,689 and sold 59,567 shares valued at $148,711,721. 47.20% 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.