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

Coca-Cola HBC (LON:CCH)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday,Digital Look reports. They currently have a GBX 3,650 ($47.26) target price on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 4.52% from the stock’s current price.

Coca-Cola HBC Price Performance

Shares of LON CCH opened at GBX 3,492 ($45.21) on Friday. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The company has a market capitalization of £15.11 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a twelve month low of GBX 2,360 ($30.55) and a twelve month high of GBX 3,514 ($45.49). The business has a 50 day simple moving average of GBX 3,184.95 and a 200-day simple moving average of GBX 2,907.74.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic bought 162 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of GBX 2,786 ($36.07) per share, for a total transaction of £4,513.32 ($5,843.24). Over the last three months, insiders have acquired 268,297 shares of company stock valued at $895,247,017. Company insiders own 47.16% 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 740 million consumers across a broad geographic footprint of 29 countries.