Coca Cola HBC AG (CCH) Receives Hold Rating from Jefferies Group LLC
Coca Cola HBC AG (LON:CCH)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a GBX 2,700 ($35.51) price objective on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 4.45% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup Inc. reissued a “buy” rating and set a GBX 2,900 ($38.14) target price on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Morgan Stanley raised Coca Cola HBC AG to an “equal weight” rating and boosted their target price for the company from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a research report on Friday, September 22nd. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday. Deutsche Bank AG boosted their target price on Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,820 ($37.09) price objective on shares of Coca Cola HBC AG in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 2,494.91 ($32.81).
Coca Cola HBC AG (CCH) traded down GBX 8.10 ($0.11) during midday trading on Friday, hitting GBX 2,584.90 ($34.00). The stock had a trading volume of 441,424 shares, compared to its average volume of 555,213. Coca Cola HBC AG has a 52-week low of GBX 1,602 ($21.07) and a 52-week high of GBX 2,682 ($35.28).
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In other news, insider Michalis Imellos bought 43 shares of the stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of GBX 2,591 ($34.08) per share, for a total transaction of £1,114.13 ($1,465.38). Insiders acquired a total of 128 shares of company stock valued at $331,494 over the last quarter.
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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