Nomura Reiterates Reduce Rating for Coca Cola HBC AG (CCH)
Coca Cola HBC AG (LON:CCH)‘s stock had its “reduce” rating reaffirmed by equities researchers at Nomura in a research report issued on Friday. They currently have a GBX 1,140 ($19.18) target price on the stock. Nomura’s target price would indicate a potential downside of 11.56% from the stock’s previous close.
Shares of Coca Cola HBC AG (LON:CCH) traded down 1.00% during mid-day trading 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’s 50-day moving average is GBX 1362. and its 200-day moving average is GBX 1462..
CCH has been the subject of a number of other recent research reports. 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. Separately, analysts at Goldman Sachs upgraded shares of Coca Cola HBC AG to a “buy” rating in a research note on Friday, July 11th. They now have a GBX 1,550 ($26.08) price target on the stock, down previously from GBX 1,670 ($28.10). Finally, analysts at Deutsche Bank cut their price target on shares of Coca Cola HBC AG from GBX 1,700 ($28.61) to GBX 1,400 ($23.56) in a research note on Monday, June 9th. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,496.44 ($25.18).
Coca-Cola HBC AG, is a bottler of non-alcoholic ready-to-drink beverages in Europe, operating in 28 countries.
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