Coca Cola HBC AG Price Target Lowered to GBX 1,680 at JPMorgan Chase & Co. (CCH)
Equities researchers at JPMorgan Chase & Co. cut their price target on shares of Coca Cola HBC AG (LON:CCH) from GBX 1,770 ($29.81) to GBX 1,680 ($28.30) in a research report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 21.65% from the company’s current price.
A number of other analysts have also recently weighed in on CCH. Analysts at Nomura reiterated a “reduce” rating on shares of Coca Cola HBC AG in a research note on Tuesday, April 29th. They now have a GBX 1,200 ($20.21) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Coca Cola HBC AG from GBX 1,690 ($28.47) to GBX 1,618 ($27.25) in a research note on Friday, March 28th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,538.29 ($25.91).
Coca Cola HBC AG (LON:CCH) traded down 4.56% during mid-day trading on Monday, hitting GBX 1381.00. The stock had a trading volume of 603,899 shares. Coca Cola HBC AG has a 52 week low of GBX 1368.00 and a 52 week high of GBX 1979.0001. The stock has a 50-day moving average of GBX 1482. and a 200-day moving average of GBX 1617..
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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