Coca Cola HBC AG (CCH) Receives Buy Rating from Citigroup Inc.
Coca Cola HBC AG (LON:CCH)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday.
A number of other research analysts have also weighed in on CCH. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,600 ($20.89) target price on shares of Coca Cola HBC AG in a report on Friday, August 12th. JPMorgan Chase & Co. boosted 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 report on Friday, August 12th. Numis Securities Ltd reissued an “add” rating and set a GBX 1,542 ($20.13) target price on shares of Coca Cola HBC AG in a report on Tuesday, June 7th. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 1,500 ($19.58) target price on shares of Coca Cola HBC AG in a report on Tuesday, June 7th. Finally, Morgan Stanley began coverage on Coca Cola HBC AG in a report on Tuesday, August 2nd. They set an “underweight” rating and a GBX 1,430 ($18.67) target price on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Coca Cola HBC AG currently has an average 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 on Tuesday. 391,233 shares of the company’s stock traded hands. The stock 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 firm’s market capitalization is GBX 6.56 billion. Coca Cola HBC AG has a 1-year low of GBX 1,250.00 and a 1-year high of GBX 1,843.00.
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In related news, insider Lois ,Dimitris bought 377 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of GBX 1,692 ($22.09) per share, for a total transaction of £6,378.84 ($8,326.38).
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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