Coca-Cola HBC (LON:CCH) Earns Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Coca-Cola HBC (LON:CCH) in a research note issued to investors on Friday, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 3,650 ($47.24) price target on the stock.

Coca-Cola HBC Price Performance

Shares of Coca-Cola HBC stock opened at GBX 3,524 ($45.61) on Friday. Coca-Cola HBC has a 12-month low of GBX 2,360 ($30.55) and a 12-month high of GBX 3,540 ($45.82). The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. The company’s fifty day simple moving average is GBX 3,199.43 and its two-hundred day simple moving average is GBX 2,913.33. The firm has a market cap of £15.25 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 162 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of GBX 2,786 ($36.06) per share, for a total transaction of £4,513.32 ($5,841.73). Insiders have purchased 268,297 shares of company stock worth $895,247,017 over the last 90 days. 47.16% of the stock is owned by company insiders.

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