JPMorgan Chase & Co. Reaffirms Overweight Rating for Coca Cola HBC AG (CCH)
Coca Cola HBC AG (LON:CCH)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Monday. They currently have a GBX 2,500 ($32.52) price target on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 12.06% from the company’s current price.
CCH has been the topic of several other reports. Barclays PLC lifted their target price on Coca Cola HBC AG from GBX 1,630 ($21.20) to GBX 1,650 ($21.46) and gave the stock an “underweight” rating in a report on Monday, January 23rd. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 2,150 ($27.97) target price on shares of Coca Cola HBC AG in a report on Wednesday, March 1st. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,993 ($25.93) target price (up from GBX 1,826 ($23.75)) on shares of Coca Cola HBC AG in a report on Tuesday, February 21st. Jefferies Group LLC lifted their target price on Coca Cola HBC AG from GBX 2,000 ($26.02) to GBX 2,200 ($28.62) and gave the stock a “buy” rating in a report on Friday, February 17th. Finally, Citigroup Inc reissued a “buy” rating on shares of Coca Cola HBC AG in a research note on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 2,017.10 ($26.24).
Coca Cola HBC AG (LON:CCH) traded up 1.09% during trading on Monday, reaching GBX 2231.00. The company’s stock had a trading volume of 508,169 shares. The firm has a 50 day moving average price of GBX 2,138.94 and a 200-day moving average price of GBX 1,886.55. Coca Cola HBC AG has a 52-week low of GBX 1,295.48 and a 52-week high of GBX 2,236.00. The stock’s market cap is GBX 8.10 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Thursday, June 29th will be paid a €0.44 ($0.49) dividend. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 29th.
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In other news, insider SANDA PAREZANOVIC purchased 35 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The shares were acquired at an average cost of GBX 2,092 ($27.21) per share, with a total value of £732.20 ($952.52). Also, insider Dimitris Lois purchased 99 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average cost of GBX 1,988 ($25.86) per share, for a total transaction of £1,968.12 ($2,560.32). Insiders bought a total of 167 shares of company stock worth $342,797 over the last three months.
About Coca Cola HBC AG
Coca Cola HBC AG is a Switzerland-based bottler of Coca-Cola products. 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, Macedonia, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.
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