JPMorgan Chase & Co. Reiterates “Overweight” Rating for Coca Cola HBC (LON:CCH)

Coca Cola HBC (LON:CCH)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Thursday, Digital Look reports.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,900 ($37.89) target price on shares of Coca Cola HBC in a research report on Thursday, November 7th. Deutsche Bank reduced their target price on Coca Cola HBC from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a research report on Thursday. Shore Capital reaffirmed an “under review” rating on shares of Coca Cola HBC in a research report on Wednesday. Liberum Capital reissued a “buy” rating on shares of Coca Cola HBC in a report on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Coca Cola HBC in a report on Thursday. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 3,047.50 ($39.82).

CCH stock traded down GBX 80 ($1.05) during midday trading on Thursday, hitting GBX 2,476 ($32.35). The stock had a trading volume of 1,128,271 shares, compared to its average volume of 875,987. The firm has a market capitalization of $9.09 billion and a price-to-earnings ratio of 17.28. 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 50-day simple moving average of GBX 2,461.74 and a 200 day simple moving average of GBX 2,708.67. The company has a current ratio of 0.94, a quick ratio of 0.78 and a debt-to-equity ratio of 120.05.

In related news, insider Zoran Bogdanovic acquired 161 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was bought at an average cost of GBX 2,437 ($31.84) per share, with a total value of £3,923.57 ($5,126.84).

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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