Deutsche Bank Reiterates Buy Rating for Coca Cola HBC (CCH)

Coca Cola HBC (LON:CCH)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research firms also recently issued reports on CCH. UBS Group reiterated a “buy” rating and set a GBX 2,800 ($36.59) price objective on shares of Coca Cola HBC in a research note on Thursday, May 2nd. Shore Capital reiterated an “under review” rating on shares of Coca Cola HBC in a research note on Thursday, May 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Coca Cola HBC in a research note on Monday, April 15th. Five analysts have rated the stock with a buy rating, Coca Cola HBC currently has an average rating of “Buy” and an average target price of GBX 2,978 ($38.91).

CCH opened at GBX 2,707 ($35.37) on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 51.48. Coca Cola HBC has a 52-week low of GBX 2,224 ($29.06) and a 52-week high of GBX 2,872 ($37.53). The company has a market cap of $9.82 billion and a price-to-earnings ratio of 18.89.

In other news, insider Zoran Bogdanovic sold 3,550 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 2,604 ($34.03), for a total value of £92,442 ($120,791.85). Insiders bought 930 shares of company stock valued at $2,510,420 over the last 90 days.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in shares of Coca Cola HBC in the first quarter valued at $4,473,000. California Public Employees Retirement System purchased a new position in shares of Coca Cola HBC in the fourth quarter valued at $303,000. Finally, Toronto Dominion Bank purchased a new position in shares of Coca Cola HBC in the first quarter valued at $996,000.

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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