Coca Cola HBC AG (CCH) Now Covered by Analysts at Jefferies Group
Jefferies Group began coverage on shares of Coca Cola HBC AG (LON:CCH) in a research note issued on Tuesday. The firm set a “buy” rating and a GBX 2,000 ($24.75) price target on the stock. Jefferies Group’s price objective suggests a potential upside of 9.35% from the company’s previous close.
CCH has been the topic of several other reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Coca Cola HBC AG in a research report on Tuesday, October 4th. Barclays PLC increased their price objective on Coca Cola HBC AG from GBX 1,400 ($17.33) to GBX 1,575 ($19.49) and gave the company an “underweight” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG dropped their price objective on Coca Cola HBC AG from GBX 1,400 ($17.33) to GBX 1,350 ($16.71) and set a “neutral” rating on the stock in a research report on Thursday, August 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca Cola HBC AG in a research report on Tuesday, August 23rd. Finally, Morgan Stanley started coverage on Coca Cola HBC AG in a research report on Tuesday, August 2nd. They set an “underweight” rating and a GBX 1,430 ($17.70) price objective on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,633 ($20.21).
Coca Cola HBC AG (LON:CCH) opened at 1875.00 on Tuesday. The firm’s 50-day moving average price is GBX 1,713.61 and its 200-day moving average price is GBX 1,527.04. The stock’s market cap is GBX 6.84 billion. Coca Cola HBC AG has a 12-month low of GBX 1,250.00 and a 12-month high of GBX 1,889.00.
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In related news, insider Lois ,Dimitris acquired 935 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of GBX 1,582 ($19.58) per share, with a total value of £14,791.70 ($18,306.56).
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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