BMO Capital Markets Lowers Coca-Cola HBC S.A. Price Target to $43.00 (CCH)
Stock analysts at BMO Capital Markets cut their price target on shares of Coca-Cola HBC S.A. (NYSE:CCH) from $45.00 to $43.00 in a report issued on Wednesday, ARN reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 54.18% from the company’s current price.
A number of other firms have also recently commented on CCH. Analysts at Barclays reiterated an “overweight” rating on shares of Coca-Cola HBC S.A. in a research note to investors on Monday. They now have a $2,000.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coca-Cola HBC S.A. in a research note to investors on Thursday, October 10th. They now have a $1,700.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Coca-Cola HBC S.A. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $28.90 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $942.25.
Shares of Coca-Cola HBC S.A. (NYSE:CCH) traded up 1.60% on Wednesday, hitting $27.89. The stock had a trading volume of 5,123 shares. Coca-Cola HBC S.A. has a one year low of $22.11 and a one year high of $31.82. The stock has a 50-day moving average of $28.9 and a 200-day moving average of $26.9. The company has a market cap of $10.229 billion and a P/E ratio of 46.37.
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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