Deutsche Bank Cuts Coca Cola HBC (LON:CCH) Price Target to GBX 3,000

Coca Cola HBC (LON:CCH) had its price objective cut by Deutsche Bank from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays reissued an overweight rating and set a GBX 3,300 ($43.12) target price on shares of Coca Cola HBC in a research note on Tuesday, October 8th. Shore Capital reissued an under review rating on shares of Coca Cola HBC in a research note on Wednesday. Jefferies Financial Group reissued a buy rating and set a GBX 2,900 ($37.89) target price on shares of Coca Cola HBC in a research note on Thursday, November 7th. Liberum Capital reissued a buy rating on shares of Coca Cola HBC in a research note on Wednesday. Finally, UBS Group reaffirmed a buy rating on shares of Coca Cola HBC in a research note on Monday, August 19th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of GBX 3,047.50 ($39.82).

Shares of CCH stock traded down GBX 80 ($1.05) on Thursday, reaching GBX 2,476 ($32.35). 1,128,271 shares of the company were exchanged, compared to its average volume of 875,987. The company has a market cap of $9.09 billion and a price-to-earnings ratio of 17.28. The business has a 50-day moving average price of GBX 2,461.74 and a 200 day moving average price of GBX 2,708.67. The company has a debt-to-equity ratio of 120.05, a quick ratio of 0.78 and a current ratio of 0.94. Coca Cola HBC has a 1 year low of GBX 2,224 ($29.06) and a 1 year high of GBX 3,094 ($40.43).

In other Coca Cola HBC news, insider Zoran Bogdanovic acquired 154 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was bought at an average price of GBX 2,644 ($34.55) per share, with a total value of £4,071.76 ($5,320.48).

About Coca Cola HBC

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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