Coca-Cola HBC S.A. Upgraded to Neutral at Zacks (CCH)
Coca-Cola HBC S.A. (NYSE:CCH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. The firm currently has a $28.90 target price on the stock. Zacks‘ price objective would suggest a potential upside of 4.37% from the company’s current price.
Shares of Coca-Cola HBC S.A. (NYSE:CCH) traded down 1.70% during mid-day trading on Tuesday, hitting $27.69. The stock had a trading volume of 3,482 shares. Coca-Cola HBC S.A. has a 52-week low of $22.11 and a 52-week high of $31.82. The stock’s 50-day moving average is $29.02 and its 200-day moving average is $26.89. The company has a market cap of $10.155 billion and a price-to-earnings ratio of 47.58.
A number of other analysts have also recently weighed in on CCH. Analysts at Credit Agricole downgraded shares of Coca-Cola HBC S.A. from an “outperform” rating to an “underperform” rating in a research note to investors on Wednesday, September 4th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Coca-Cola HBC S.A. from $1,810.00 to $1,860.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Coca-Cola HBC S.A. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $636.83.
Coca-Cola Hellenic Bottling Company SA (NYSE:CCH) is engaged in the production and distribution of non-alcoholic beverages, under franchise from The Coca-Cola Company (TCCC).
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