Credit Suisse Group Reaffirms Outperform Rating for Coca Cola HBC (CCH)

Coca Cola HBC (LON:CCH)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a research report issued on Monday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently weighed in on the company. UBS Group reiterated a “buy” rating and set a GBX 2,800 ($36.59) price target (up from GBX 2,650 ($34.63)) on shares of Coca Cola HBC in a research report on Friday, January 11th. Deutsche Bank upped their price target on Coca Cola HBC from GBX 2,850 ($37.24) to GBX 2,950 ($38.55) and gave the company a “buy” rating in a research report on Monday, February 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 2,877.14 ($37.59).

Shares of Coca Cola HBC stock opened at GBX 2,669 ($34.88) on Monday. Coca Cola HBC has a 52-week low of GBX 2,224 ($29.06) and a 52-week high of GBX 2,817 ($36.81). The stock has a market capitalization of $9.68 billion and a P/E ratio of 18.63. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 51.48.

In related news, insider Zoran Bogdanovic purchased 148 shares of the firm’s stock in a transaction dated Monday, February 18th. The shares were purchased at an average cost of GBX 2,553 ($33.36) per share, for a total transaction of £3,778.44 ($4,937.20). Over the last quarter, insiders have bought 440 shares of company stock worth $1,130,008.

An institutional investor recently bought a new position in Coca Cola HBC stock. California Public Employees Retirement System acquired a new position in shares of Coca Cola HBC AG (LON:CCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,348 shares of the company’s stock, valued at approximately $303,000.

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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