Barclays Reaffirms “Overweight” Rating for Coca Cola HBC (LON:CCH)

Barclays reaffirmed their overweight rating on shares of Coca Cola HBC (LON:CCH) in a research note published on Friday morning, Stock Target Advisor reports.

A number of other analysts have also commented on the company. Deutsche Bank lifted their price objective on Coca Cola HBC from GBX 3,000 ($39.46) to GBX 3,100 ($40.78) and gave the stock a buy rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on Coca Cola HBC from GBX 2,800 ($36.83) to GBX 2,900 ($38.15) and gave the stock an overweight rating in a research report on Wednesday, January 15th. Shore Capital reiterated an under review rating on shares of Coca Cola HBC in a research report on Wednesday, November 13th. UBS Group reiterated a buy rating on shares of Coca Cola HBC in a research report on Thursday, November 14th. Finally, Liberum Capital reiterated a buy rating on shares of Coca Cola HBC in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating, Coca Cola HBC has a consensus rating of Buy and an average price target of GBX 3,055 ($40.19).

Shares of CCH stock opened at GBX 2,779 ($36.56) on Friday. The stock has a 50-day moving average price of GBX 2,588.04 and a 200 day moving average price of GBX 2,619.38. The company has a quick ratio of 0.78, a current ratio of 0.94 and a debt-to-equity ratio of 120.05. The firm has a market cap of $10.10 billion and a price-to-earnings ratio of 19.39. Coca Cola HBC has a 12 month low of GBX 2,296 ($30.20) and a 12 month high of GBX 3,094 ($40.70).

In other news, insider Zoran Bogdanovic acquired 143 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of GBX 2,767 ($36.40) per share, for a total transaction of £3,956.81 ($5,204.96). Over the last quarter, insiders purchased 453 shares of company stock valued at $1,164,611.

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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