Jefferies Group Increases Coca Cola HBC AG (CCH) Price Target to GBX 2,100
Coca Cola HBC AG (LON:CCH) had its target price lifted by equities research analysts at Jefferies Group from GBX 2,000 ($24.38) to GBX 2,100 ($25.59) in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 15.26% from the company’s current price.
A number of other analysts have also recently weighed in on CCH. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,600 ($19.50) price objective on shares of Coca Cola HBC AG in a report on Friday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Coca Cola HBC AG from GBX 1,800 ($21.94) to GBX 1,900 ($23.16) and gave the stock an “overweight” rating in a report on Friday, August 12th. Morgan Stanley began coverage on shares of Coca Cola HBC AG in a report on Tuesday, August 2nd. They set an “underweight” rating and a GBX 1,430 ($17.43) price objective on the stock. Credit Suisse Group AG raised their price objective on shares of Coca Cola HBC AG from GBX 1,500 ($18.28) to GBX 1,600 ($19.50) and gave the stock a “neutral” rating in a report on Friday, July 8th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Coca Cola HBC AG in a report on Thursday, July 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,641.33 ($20.00).
Coca Cola HBC AG (LON:CCH) traded down 0.27% during trading on Monday, reaching GBX 1822.00. 553,212 shares of the company’s stock traded hands. Coca Cola HBC AG has a one year low of GBX 1,250.00 and a one year high of GBX 1,889.00. The stock’s market cap is GBX 6.65 billion. The firm’s 50 day moving average price is GBX 1,732.77 and its 200-day moving average price is GBX 1,538.35.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/jefferies-group-increases-coca-cola-hbc-ag-cch-price-target-to-gbx-2100.html
In related news, insider Lois ,Dimitris bought 403 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were bought at an average cost of GBX 1,579 ($19.24) per share, for a total transaction of £6,363.37 ($7,755.48).
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.
Receive News & Ratings for Coca Cola HBC AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC AG and related companies with MarketBeat.com's FREE daily email newsletter.