Key Points
- Insider buying: Coca-Cola HBC CEO Zoran Bogdanovic purchased 118 shares at GBX 4,377 each, worth approximately £5,165. This follows several other purchases since August, including a £202,778 transaction in September.
- Stock performance: Shares opened at GBX 4,506 and were reported up 2.5%, with a 52-week range of GBX 3,372 to GBX 5,195 and a market capitalization of approximately £16.42 billion.
- Analyst outlook: Coca-Cola HBC has a consensus rating of “Moderate Buy” from six analysts, with five Buy ratings and a consensus price target of GBX 5,346.60.
Coca-Cola HBC AG (LON:CCH - Get Free Report) insider Zoran Bogdanovic purchased 118 shares of the company's stock in a transaction dated Friday, October 16th. The shares were purchased at an average cost of GBX 4,377 per share, for a total transaction of £5,164.86.
Zoran Bogdanovic also recently made the following trade(s):
- On Monday, September 21st, Zoran Bogdanovic purchased 4,750 shares of Coca-Cola HBC stock. The shares were purchased at an average price of GBX 4,269 per share, with a total value of £202,777.50.
- On Thursday, September 17th, Zoran Bogdanovic acquired 127 shares of Coca-Cola HBC stock. The stock was purchased at an average cost of GBX 4,657 per share, with a total value of £5,914.39.
- On Monday, August 17th, Zoran Bogdanovic acquired 120 shares of Coca-Cola HBC stock. The stock was purchased at an average cost of GBX 4,553 per share, with a total value of £5,463.60.
Coca-Cola HBC Trading Up 2.5%
Shares of Coca-Cola HBC stock opened at GBX 4,506 on Tuesday. Coca-Cola HBC AG has a 52-week low of GBX 3,372 and a 52-week high of GBX 5,195. The stock's 50-day simple moving average is GBX 4,460.86 and its 200 day simple moving average is GBX 4,525.58. The stock has a market capitalization of £16.42 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CCH. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the stock a "buy" rating in a research note on Wednesday, September 16th. Berenberg Bank upped their price target on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Citigroup raised their price objective on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the stock a "neutral" rating in a report on Friday, July 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 5,600 price target on shares of Coca-Cola HBC in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Coca-Cola HBC presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,346.60.
Get Our Latest Stock Report on CCH
About Coca-Cola HBC
(
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 760 million consumers across a broad geographic footprint of 29 countries.
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