Coca Cola HBC’s (CCH) Buy Rating Reiterated at UBS Group
UBS Group reiterated their buy rating on shares of Coca Cola HBC (LON:CCH) in a research note released on Monday, ThisIsMoney.Co.Uk reports.
Several other analysts have also issued reports on CCH. Shore Capital reiterated an under review rating on shares of Coca Cola HBC in a research note on Thursday, August 8th. Barclays reiterated an overweight rating and issued a GBX 3,150 ($41.16) target price on shares of Coca Cola HBC in a research note on Wednesday, July 17th. Credit Suisse Group reiterated an outperform rating on shares of Coca Cola HBC in a research note on Tuesday, June 4th. Jefferies Financial Group reiterated a buy rating and issued a GBX 3,000 ($39.20) target price on shares of Coca Cola HBC in a research note on Thursday, August 1st. Finally, Deutsche Bank reiterated a buy rating on shares of Coca Cola HBC in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of GBX 3,040 ($39.72).
LON CCH opened at GBX 2,738 ($35.78) on Monday. Coca Cola HBC has a 1 year low of GBX 2,224 ($29.06) and a 1 year high of GBX 3,094 ($40.43). The company has a debt-to-equity ratio of 120.05, a current ratio of 0.94 and a quick ratio of 0.78. The firm has a market cap of $9.94 billion and a price-to-earnings ratio of 19.11. The company has a fifty day moving average price of GBX 2,775.14 and a 200-day moving average price of GBX 2,737.18.
A hedge fund recently bought a new stake in Coca Cola HBC stock. Toronto Dominion Bank purchased a new stake in shares of Coca Cola HBC AG (LON:CCH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 99,974 shares of the company’s stock, valued at approximately $996,000.
About Coca Cola HBC
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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