Coca Cola HBC AG (CCH) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Coca Cola HBC AG (LON:CCH) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 2,019.60 ($25.73).
Several research firms have recently weighed in on CCH. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 2,100 ($26.76) price objective on shares of Coca Cola HBC AG in a report on Monday, April 10th. Citigroup Inc. reissued a “buy” rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,993 ($25.39) price objective (up from GBX 1,826 ($23.26)) on shares of Coca Cola HBC AG in a report on Tuesday, February 21st. Barclays PLC reissued an “underweight” rating and issued a GBX 1,775 ($22.61) price objective on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,200 ($28.03) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th.
In related news, insider SANDA PAREZANOVIC purchased 33 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of GBX 2,205 ($28.09) per share, for a total transaction of £727.65 ($927.06). Insiders have bought 101 shares of company stock valued at $222,842 in the last 90 days.
Coca Cola HBC AG (LON CCH) traded up 0.55% during trading on Tuesday, reaching GBX 2389.00. 579,377 shares of the company’s stock were exchanged. The stock has a 50-day moving average of GBX 2,255.11 and a 200-day moving average of GBX 1,979.09. The stock’s market capitalization is GBX 8.68 billion. Coca Cola HBC AG has a 52 week low of GBX 1,323.00 and a 52 week high of GBX 2,403.00.
The business also recently declared a dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Thursday, June 29th will be paid a dividend of €0.44 ($0.49) per share. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 29th.
Coca Cola HBC AG Company Profile
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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