Coca Cola HBC AG Stock Rating Reaffirmed by Citigroup Inc. (CCH)
Coca Cola HBC AG (LON:CCH)‘s stock had its “neutral” rating restated by research analysts at Citigroup Inc. in a report released on Thursday, StockRatingsNetwork reports. They currently have a GBX 1,700 ($27.27) price objective on the stock. Citigroup Inc.’s price target suggests a potential downside of 2.02% from the company’s current price.
Coca Cola HBC AG (LON:CCH) traded up 0.75% during mid-day trading on Thursday, hitting GBX 1735.00. The stock had a trading volume of 269,347 shares. Coca Cola HBC AG has a 52-week low of GBX 1401.00 and a 52-week high of GBX 1979.0001. The stock’s 50-day moving average is GBX 1835. and its 200-day moving average is GBX 1741.68.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Coca Cola HBC AG from GBX 1,810 ($29.04) to GBX 1,860 ($29.84) in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Coca Cola HBC AG from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a GBX 1,940 ($31.12) price target on the stock, down previously from GBX 2,000 ($32.09). Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Coca Cola HBC AG in a research note to investors on Friday, August 9th. They now have a GBX 1,600 ($25.67) price target on the stock.
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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