In a research note published on Tuesday, equities analysts from Barclays boosted their price target for Coca-Cola HBC, which is traded under the ticker symbol LON: CCH. The last price objective was GBX 2,000 ($24.17), while the new price objective is GBX 2,600 ($31.42), an increase from the previous price objective. At this moment, the brokerage firm considers the stock “overweight” in terms of its portfolio composition. According to the price objective Barclays has established for the firm, there is the potential for a gain of 28.78% compared to its most recent closing price. On CCH, many more reports have been released since you last checked. In addition, Coca-Cola HBC received a “buy” rating from Deutsche Bank Aktiengesellschaft in a research report published on Friday, August 12. Additionally, Deutsche Bank Aktiengesellschaft raised its price objective for the stock from GBX 2,525 ($30.51) to GBX 2,600 ($31.42). Both of these changes were made public on Friday, August 12.
Both actions were taken with the company’s shares in mind at some point or another. The rating of “equal weight” that Morgan Stanley had previously assigned to Coca-Cola HBC shares was reaffirmed in a research note released on May 11. On June 16, Jefferies Financial Group reissued a “buy” recommendation on shares of Coca-Cola HBC and set a target price of GBX 2,000 ($24.17) for the stock. In addition, the company provided an unchanged price objective for the store. In a research note published on Friday, May 13, JPMorgan Chase & Co. confirmed a “neutral” rating on shares of Coca-Cola HBC and set a price objective of GBX 1,900 ($22.96) for the company. That came after the firm had previously set a price objective of GBX 1,800 ($22.24). Three analysts have indicated that investors should purchase business shares, while two of the same analysts have suggested that investors maintain their current holdings.
Bloomberg reports that the current consensus recommendation for Coca-Cola HBC is “Moderate Buy,” Analysts have set an average price objective for the company’s shares of GBX 2,160 ($26.10). The price of LON: CCH at the start of trading on Tuesday was GBX 2,019 ($24.40). At this particular organization, the moving average price over the previous 200 days is GBX 1,801.17, while the moving average cost for the last 50 days is GBX 1,933.06. The company has a market value of £7.40 billion and a price-to-earnings ratio of 1,596.83. In addition, the company has a P/E ratio. This example demonstrates a debt-to-equity ratio of 101.90, a quick ratio of 0.80, and a current ratio of 1.02. Another business insider, identified as Zoran Bogdanovic, made a purchase of 218 shares of Coca-Cola HBC stock on the same day, July 18.
The stock was purchased for a total investment of £4,266.26 ($5,154.98), equivalent to a price per share of GBX 1,957 ($23.65). As a result, insiders of the company made purchases amounting to $1,256,259 worth of stock during the most recent fiscal period. Coca-Cola HBC AG is responsible for producing, marketing, and distributing non-alcoholic beverages that are already in a consumable state. The business sells a wide range of drinks and foods, such as carbonated soft drinks, juices, hydration drinks, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits, flavored alcoholic drinks, and snacks.
