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Stock analysts at Goldman Sachs reduced their price target on shares of Coca Cola HBC AG (LON:CCH) from GBX 2,000 ($32.81) to GBX 1,760 ($28.88) in a report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ price target points to a potential upside of 13.33% from the stock’s previous close.

Coca Cola HBC AG (LON:CCH) traded down 2.64% during mid-day trading on Thursday, hitting GBX 1547.00. The stock had a trading volume of 448,162 shares. Coca Cola HBC AG has a 1-year low of GBX 1401.00 and a 1-year high of GBX 1979.0001. The stock has a 50-day moving average of GBX 1697. and a 200-day moving average of GBX 1759..

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Coca Cola HBC AG from GBX 1,860 ($30.52) to GBX 1,770 ($29.04) in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Coca Cola HBC AG from GBX 1,600 ($26.25) to GBX 1,580 ($25.92) in a research note on Tuesday. They now have a “reduce” rating on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Coca Cola HBC AG in a research note on Thursday, February 6th. They now have a GBX 1,520 ($24.94) price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,725.63 ($28.31).

Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.

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