Coca Cola HBC AG (LON:CCH) Receives Consensus Rating of “Hold” from Brokerages
Coca Cola HBC AG (LON:CCH) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,663.27 ($21.71).
A number of research firms have weighed in on CCH. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,600 ($20.89) target price on shares of Coca Cola HBC AG in a research note on Friday, August 12th. JPMorgan Chase & Co. increased their target price on Coca Cola HBC AG from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) and gave the stock an “overweight” rating in a research note on Friday, August 12th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,542 ($20.13) target price on shares of Coca Cola HBC AG in a research note on Tuesday, June 7th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 1,500 ($19.58) target price on shares of Coca Cola HBC AG in a research note on Tuesday, June 7th. Finally, Jefferies Group began coverage on Coca Cola HBC AG in a research note on Tuesday, September 13th. They issued a “buy” rating and a GBX 2,000 ($26.11) target price on the stock.
Coca Cola HBC AG (LON:CCH) traded up 0.30% during mid-day trading on Wednesday, reaching GBX 1688.00. 259,869 shares of the company traded hands. Coca Cola HBC AG has a 12-month low of GBX 1,250.00 and a 12-month high of GBX 1,740.00. The firm’s market capitalization is GBX 6.16 billion. The company’s 50 day moving average price is GBX 1,655.65 and its 200 day moving average price is GBX 1,491.99.
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In other Coca Cola HBC AG news, insider Lois ,Dimitris purchased 377 shares of the stock in a transaction on Friday, September 16th. The stock was acquired at an average price of GBX 1,692 ($22.09) per share, with a total value of £6,378.84 ($8,326.38). Also, insider W. Douglas,William (Bill) purchased 10,000 shares of the stock in a transaction on Friday, June 24th. The stock was acquired at an average cost of GBX 1,392 ($18.17) per share, with a total value of £139,200 ($181,699.52).
About Coca Cola HBC AG
Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company’s segments include Established markets, including Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland; Developing markets, including Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, and Emerging markets, including Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.
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