Jefferies Financial Group Reiterates “Buy” Rating for Coca Cola HBC (LON:CCH)

Jefferies Financial Group reaffirmed their buy rating on shares of Coca Cola HBC (LON:CCH) in a research report released on Thursday, Digital Look reports. The firm currently has a GBX 3,000 ($39.20) target price on the stock.

A number of other research analysts also recently commented on CCH. Shore Capital restated an under review rating on shares of Coca Cola HBC in a research note on Thursday, May 2nd. Credit Suisse Group reissued an outperform rating on shares of Coca Cola HBC in a research note on Tuesday, June 4th. Deutsche Bank increased their price target on Coca Cola HBC from GBX 3,200 ($41.81) to GBX 3,300 ($43.12) and gave the stock a buy rating in a research note on Thursday, July 11th. UBS Group reissued a buy rating on shares of Coca Cola HBC in a research note on Tuesday, May 21st. Finally, Barclays reissued an overweight rating and issued a GBX 3,150 ($41.16) price target on shares of Coca Cola HBC in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of GBX 3,040 ($39.72).

Shares of CCH opened at GBX 2,792 ($36.48) on Thursday. The company has a market cap of $10.20 billion and a P/E ratio of 19.48. The stock’s fifty day moving average is GBX 2,854.82. The company has a debt-to-equity ratio of 51.48, a quick ratio of 0.94 and a current ratio of 1.21. Coca Cola HBC has a 12 month low of GBX 2,224 ($29.06) and a 12 month high of GBX 3,094 ($40.43).

The firm also recently declared a dividend, which was paid on Tuesday, July 30th. Stockholders of record on Thursday, July 4th were paid a €2.57 ($2.99) dividend. This is a boost from Coca Cola HBC’s previous dividend of $0.54. The ex-dividend date of this dividend was Thursday, July 4th. This represents a dividend yield of 8.14%. Coca Cola HBC’s dividend payout ratio is presently 0.36%.

In other Coca Cola HBC news, insider Zoran Bogdanovic purchased 153 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of GBX 2,742 ($35.83) per share, with a total value of £4,195.26 ($5,481.85). In the last three months, insiders bought 425 shares of company stock valued at $1,206,309.

A number of hedge funds have recently made changes to their positions in CCH. California Public Employees Retirement System bought a new position in Coca Cola HBC during the fourth quarter valued at about $303,000. Toronto Dominion Bank bought a new position in Coca Cola HBC during the first quarter valued at about $996,000. Finally, Bank of Montreal Can bought a new position in Coca Cola HBC during the first quarter valued at about $4,473,000.

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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