Coca Cola HBC (LON:CCH) had its price objective hoisted by Deutsche Bank from GBX 3,200 ($41.81) to GBX 3,300 ($43.12) in a report issued on Thursday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other equities analysts have also recently commented on the stock. UBS Group set a €117.00 ($136.05) price target on shares of SAP and gave the company a neutral rating in a report on Tuesday, May 21st. Credit Suisse Group restated an outperform rating and set a GBX 3,175 ($41.49) price target on shares of in a report on Tuesday, June 4th. Shore Capital restated a house stock rating on shares of LIFE SETT/PAR VTG A FPD 0.01 in a report on Thursday, May 2nd. Jefferies Financial Group restated a buy rating and set a GBX 3,000 ($39.20) price target on shares of in a report on Monday, June 3rd. Finally, Barclays restated an overweight rating and set a GBX 3,150 ($41.16) price target on shares of in a report on Wednesday, June 5th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of GBX 3,040 ($39.72).
Coca Cola HBC stock opened at GBX 2,708 ($35.38) on Thursday. The firm’s fifty day moving average is GBX 2,898.56. 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 stock has a market cap of $9.83 billion and a PE ratio of 18.90.
The business also recently declared a dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 4th will be issued a dividend of €2.57 ($2.99) per share. This is a boost from Coca Cola HBC’s previous dividend of $0.54. This represents a dividend yield of 8.14%. The ex-dividend date is Thursday, July 4th. Coca Cola HBC’s payout ratio is currently 0.34%.
In related news, insider Zoran Bogdanovic purchased 141 shares of the stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of GBX 2,921 ($38.17) per share, for a total transaction of £4,118.61 ($5,381.69). Over the last 90 days, insiders have bought 931 shares of company stock worth $2,554,221.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in Coca Cola HBC in the first quarter worth $4,473,000. Toronto Dominion Bank bought a new stake in Coca Cola HBC in the first quarter worth $996,000. Finally, California Public Employees Retirement System bought a new stake in Coca Cola HBC in the fourth quarter worth $303,000.
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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