Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Coca-Cola HBC (LON:CCH) Stock Price

Coca-Cola HBC (LON:CCH) had its price target dropped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 4,485 to GBX 4,470 in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 17.63% from the stock’s current price.

Several other brokerages have also issued reports on CCH. Jefferies Financial Group restated a “buy” rating and set a GBX 4,400 price target on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Berenberg Bank reissued a “buy” rating and set a GBX 4,068 price objective on shares of Coca-Cola HBC in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola HBC has a consensus rating of “Buy” and an average price target of GBX 4,147.

Coca-Cola HBC Price Performance

LON:CCH opened at GBX 3,799.89 on Friday. The firm has a market cap of £13.81 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. Coca-Cola HBC has a one year low of GBX 2,652 and a one year high of GBX 4,102. The firm’s fifty day moving average is GBX 3,530.12 and its two-hundred day moving average is GBX 3,749.59.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic sold 15,000 shares of Coca-Cola HBC stock in a transaction on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total value of £542,400. Also, insider Pantelis Lekkas acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were bought at an average price of GBX 3,450 per share, for a total transaction of £345,000. Insiders have acquired a total of 10,457 shares of company stock worth $36,142,383 in the last three months. Insiders own 99.20% of the company’s stock.

Coca-Cola HBC Company Profile

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 750 million consumers across a broad geographic footprint of 29 countries.