Coca Cola HBC (LON:CCH) had its price objective lifted by Deutsche Bank from GBX 3,200 ($41.81) to GBX 3,300 ($43.12) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
CCH has been the subject of several other reports. Shore Capital reiterated a house stock rating on shares of LIFE SETT/PAR VTG A FPD 0.01 in a research report on Thursday, May 2nd. Barclays reiterated an overweight rating and set a GBX 3,150 ($41.16) price objective on shares of in a research report on Wednesday, June 5th. Jefferies Financial Group reiterated a buy rating and set a GBX 3,000 ($39.20) price objective on shares of in a research report on Monday, June 3rd. UBS Group set a €117.00 ($136.05) price objective on SAP and gave the stock a neutral rating in a research report on Tuesday, May 21st. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 3,175 ($41.49) price objective on shares of in a research report on Tuesday, June 4th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of GBX 3,040 ($39.72).
Shares of LON CCH opened at GBX 2,708 ($35.38) on Thursday. The company has a debt-to-equity ratio of 51.48, a quick ratio of 0.94 and a current ratio of 1.21. The business’s 50 day simple moving average is GBX 2,898.56. The firm has a market capitalization of $9.83 billion and a P/E ratio of 18.90. 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 firm also recently disclosed a dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 4th will be given a dividend of €2.57 ($2.99) per share. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Coca Cola HBC’s previous dividend of $0.54. This represents a dividend yield of 8.14%. Coca Cola HBC’s payout ratio is currently 0.34%.
In other news, insider Zoran Bogdanovic bought 659 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were purchased at an average price of GBX 2,682 ($35.05) per share, with a total value of £17,674.38 ($23,094.71). In the last three months, insiders have purchased 931 shares of company stock worth $2,554,221.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in Coca Cola HBC during the first quarter worth approximately $4,473,000. Toronto Dominion Bank bought a new stake in Coca Cola HBC during the first quarter worth approximately $996,000. Finally, California Public Employees Retirement System bought a new stake in Coca Cola HBC during the fourth quarter worth approximately $303,000.
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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