Coca Cola HBC AG (CCH) Rating Reiterated by Barclays PLC
Coca Cola HBC AG (LON:CCH)‘s stock had its “underweight” rating reaffirmed by research analysts at Barclays PLC in a report issued on Friday. They presently have a GBX 1,575 ($20.56) price objective on the stock. Barclays PLC’s price objective points to a potential downside of 12.40% from the company’s current price.
A number of other analysts have also recently commented on CCH. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,600 ($20.89) price target on shares of Coca Cola HBC AG in a research report on Friday, August 12th. JPMorgan Chase & Co. boosted their price objective on Coca Cola HBC AG from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) and gave the company an “overweight” rating in a report on Friday, August 12th. Citigroup Inc. reissued a “buy” rating on shares of Coca Cola HBC AG in a report on Tuesday. Morgan Stanley assumed coverage on Coca Cola HBC AG in a report on Tuesday, August 2nd. They issued an “underweight” rating and a GBX 1,430 ($18.67) price objective for the company. Finally, Credit Suisse Group AG boosted their price objective on Coca Cola HBC AG from GBX 1,500 ($19.58) to GBX 1,600 ($20.89) and gave the company a “neutral” rating in a report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Coca Cola HBC AG presently has a consensus rating of “Hold” and a consensus price target of GBX 1,633 ($21.32).
Shares of Coca Cola HBC AG (LON:CCH) remained flat at GBX 1798.00 during trading on Friday. 391,233 shares of the company were exchanged. The firm has a 50 day moving average price of GBX 1,710.44 and a 200-day moving average price of GBX 1,522.13. The company’s market capitalization is GBX 6.56 billion. Coca Cola HBC AG has a 52-week low of GBX 1,250.00 and a 52-week high of GBX 1,843.00.
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In other news, insider Lois ,Dimitris acquired 403 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was bought at an average cost of GBX 1,579 ($20.61) per share, for a total transaction of £6,363.37 ($8,306.19).
Coca Cola HBC AG Company Profile
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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