Coca Cola HBC AG Upgraded to Buy by Deutsche Bank (CCH)
Coca Cola HBC AG (LON:CCH) was upgraded by equities research analysts at Deutsche Bank to a “buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 1,500 ($25.24) price objective on the stock, up from their previous price objective of GBX 1,400 ($23.56). Deutsche Bank’s target price points to a potential upside of 16.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Coca Cola HBC AG in a research note on Friday. They now have a GBX 1,140 ($19.18) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Coca Cola HBC AG in a research note on Thursday. They now have a GBX 1,500 ($25.24) price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,496.44 ($25.18).
Coca Cola HBC AG (LON:CCH) traded down 1.00% on Friday, hitting GBX 1289.00. The stock had a trading volume of 562,222 shares. Coca Cola HBC AG has a 1-year low of GBX 1284.00 and a 1-year high of GBX 1979.00. The stock has a 50-day moving average of GBX 1362. and a 200-day moving average of GBX 1462..
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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