Key Points
- Insider buying: Coca-Cola HBC CEO Zoran Bogdanovic purchased 126,674 shares on June 17 at an average price of GBX 4,591, totaling about £5.8 million.
- Recent repeated purchases: Bogdanovic has also bought smaller blocks of company stock in the prior two months, including 132 shares in May and 1,745 shares in April, signaling continued insider confidence.
- Analyst sentiment remains positive: Several firms, including Berenberg, UBS, and Jefferies, have maintained or upgraded buy ratings, with a consensus price target of about GBX 4,794.
Coca-Cola HBC AG (LON:CCH - Get Free Report) insider Zoran Bogdanovic purchased 126,674 shares of the firm's stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of GBX 4,591 per share, for a total transaction of £5,815,603.34.
Zoran Bogdanovic also recently made the following trade(s):
- On Monday, May 18th, Zoran Bogdanovic acquired 132 shares of Coca-Cola HBC stock. The stock was acquired at an average cost of GBX 4,146 per share, with a total value of £5,472.72.
- On Friday, April 17th, Zoran Bogdanovic purchased 1,745 shares of Coca-Cola HBC stock. The stock was acquired at an average cost of GBX 4,353 per share, with a total value of £75,959.85.
Coca-Cola HBC Stock Down 0.0%
CCH opened at GBX 4,586 on Friday. Coca-Cola HBC AG has a 12 month low of GBX 3,270 and a 12 month high of GBX 4,890. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 101.65. The business's 50-day moving average price is GBX 4,329.29 and its 200-day moving average price is GBX 4,211.67. The company has a market cap of £16.71 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.03 and a beta of 0.55.
Analysts Set New Price Targets
A number of analysts have recently weighed in on CCH shares. Berenberg Bank raised Coca-Cola HBC to a "buy" rating and increased their price objective for the company from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. UBS Group reaffirmed a "buy" rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 4,800 price target on shares of Coca-Cola HBC in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 4,794.25.
Read Our Latest Analysis on CCH
Coca-Cola HBC Company Profile
(
Get Free Report)
Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 750 million consumers across a broad geographic footprint of 29 countries.
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