Coca Cola HBC AG (CCH) Receives Consensus Rating of “Hold” from Brokerages
Coca Cola HBC AG (LON:CCH) has received a consensus rating of “Hold” from the twelve analysts that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,017.10 ($26.24).
Several equities research analysts have recently commented on CCH shares. Barclays PLC upped their price objective on Coca Cola HBC AG from GBX 1,650 ($21.46) to GBX 1,750 ($22.77) and gave the stock an “underweight” rating in a research note on Friday, March 31st. Shore Capital restated a “hold” rating on shares of Coca Cola HBC AG in a research note on Thursday, May 11th. Numis Securities Ltd restated a “hold” rating and issued a GBX 2,071 ($26.94) price objective on shares of Coca Cola HBC AG in a research note on Friday, May 12th. BNP Paribas restated an “outperform” rating and issued a GBX 2,350 ($30.57) price objective on shares of Coca Cola HBC AG in a research note on Thursday, March 23rd. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 2,150 ($27.97) price objective on shares of Coca Cola HBC AG in a research note on Wednesday, March 1st.
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In other news, insider Dimitris Lois bought 99 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average price of GBX 1,988 ($25.86) per share, with a total value of £1,968.12 ($2,560.32). Also, insider SANDA PAREZANOVIC bought 33 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of GBX 2,205 ($28.68) per share, with a total value of £727.65 ($946.60). Insiders purchased a total of 167 shares of company stock valued at $342,797 in the last ninety days.
Coca Cola HBC AG (LON:CCH) traded down 0.09% during trading on Friday, hitting GBX 2269.00. The stock had a trading volume of 507,762 shares. Coca Cola HBC AG has a 52-week low of GBX 1,317.00 and a 52-week high of GBX 2,284.00. The company has a 50-day moving average price of GBX 2,158.86 and a 200-day moving average price of GBX 1,898.98. The company’s market cap is GBX 8.24 billion.
The company also recently announced a dividend, which will be paid on Tuesday, July 25th. Investors of record on Thursday, June 29th will be issued a €0.44 ($0.49) dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, June 29th.
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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