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

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Coca-Cola HBC (LON:CCH - Free Report) in a research note issued to investors on Friday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 3,650 ($47.16) price target on the stock.

Coca-Cola HBC Trading Up 0.2 %

Shares of CCH traded up GBX 8 ($0.10) during trading hours on Friday, reaching GBX 3,512 ($45.37). The stock had a trading volume of 441,268 shares, compared to its average volume of 3,298,784. The company has a market cap of £15.20 billion, a P/E ratio of 24.28, a P/E/G ratio of 1.03 and a beta of 0.94. Coca-Cola HBC has a 52 week low of GBX 2,360 ($30.49) and a 52 week high of GBX 3,540 ($45.74). 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 firm has a 50-day moving average of GBX 3,213.67 and a 200 day moving average of GBX 2,920.80.

Insiders Place Their Bets

In other news, insider Zoran Bogdanovic acquired 162 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of GBX 2,786 ($35.99) per share, for a total transaction of £4,513.32 ($5,831.16). In the last three months, insiders have purchased 268,297 shares of company stock worth $895,247,017. Company insiders own 47.16% of the company's stock.

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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.