Coca Cola HBC AG (CCH) Given Consensus Rating of “Hold” by Analysts
Shares of Coca Cola HBC AG (LON:CCH) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 1,972.36 ($25.76).
A number of analysts recently issued reports on the company. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, May 11th. Numis Securities Ltd reissued a “hold” rating and set a GBX 2,071 ($27.04) price objective on shares of Coca Cola HBC AG in a research report on Friday, May 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 2,500 ($32.65) price objective on shares of Coca Cola HBC AG in a research report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,200 ($28.73) price objective on shares of Coca Cola HBC AG in a research report on Friday, May 12th. Finally, Barclays PLC lifted their price objective on Coca Cola HBC AG from GBX 1,650 ($21.55) to GBX 1,750 ($22.85) and gave the company an “underweight” rating in a research report on Friday, March 31st.
Coca Cola HBC AG (LON:CCH) traded up 0.31% during trading on Monday, hitting GBX 2243.00. The stock had a trading volume of 362,201 shares. Coca Cola HBC AG has a 1-year low of GBX 1,510.00 and a 1-year high of GBX 2,416.00. The firm’s market cap is GBX 8.15 billion. The firm’s 50 day moving average is GBX 2,290.83 and its 200 day moving average is GBX 2,013.56.
The business also recently declared a dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Thursday, June 29th will be given a €0.44 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 1.71%.
In other Coca Cola HBC AG news, insider SANDA PAREZANOVIC acquired 35 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The stock was acquired at an average price of GBX 2,092 ($27.32) per share, with a total value of £732.20 ($956.12). Also, insider Dimitris Lois acquired 33 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average cost of GBX 2,329 ($30.41) per share, with a total value of £768.57 ($1,003.62). Insiders acquired 101 shares of company stock valued at $222,842 in the last ninety days.
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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