Coca Cola HBC AG Stock Rating Reaffirmed by Nomura (CCH)
Coca Cola HBC AG (LON:CCH)‘s stock had its “reduce” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 1,200 ($20.16) target price on the stock. Nomura’s price objective indicates a potential downside of 20.05% from the company’s current price.
A number of other analysts have also recently weighed in on CCH. Analysts at Goldman Sachs cut their price target on shares of Coca Cola HBC AG from GBX 1,690 ($28.39) to GBX 1,618 ($27.18) in a research note on Friday, March 28th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Coca Cola HBC AG from GBX 1,825 ($30.66) to GBX 1,550 ($26.04) in a research note on Monday, February 17th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Coca Cola HBC AG from GBX 1,950 ($32.76) to GBX 1,700 ($28.56) in a research note on Monday, February 17th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,572.88 ($26.43).
Coca Cola HBC AG (LON:CCH) traded up 0.47% during mid-day trading on Tuesday, hitting GBX 1501.00. The stock had a trading volume of 292,624 shares. Coca Cola HBC AG has a one year low of GBX 1401.00 and a one year high of GBX 1979.0001. The stock has a 50-day moving average of GBX 1492. and a 200-day moving average of GBX 1643.18.
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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