Coca Cola HBC AG Price Target Cut to GBX 1,700 (CCH)
Research analysts at Citigroup Inc. dropped their price target on shares of Coca Cola HBC AG (LON:CCH) from GBX 1,950 ($32.68) to GBX 1,700 ($28.49) in a report released on Monday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 9.47% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Coca Cola HBC AG from GBX 1,790 ($30.00) to GBX 1,500 ($25.14) in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Coca Cola HBC AG from GBX 2,000 ($33.52) to GBX 1,760 ($29.50) in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Coca Cola HBC AG from GBX 1,860 ($31.17) to GBX 1,770 ($29.66) in a research note on Wednesday, February 12th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Coca Cola HBC AG presently has an average rating of “Hold” and a consensus price target of GBX 1,638.13 ($27.45).
Shares of Coca Cola HBC AG (LON:CCH) opened at 1547.00 on Monday. 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 1697. and its 200-day moving average is GBX 1759..
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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