Coca Cola HBC (LON:CCH) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Monday, November 13th, Marketbeat Ratings reports. They presently have a GBX 2,600 ($34.76) price objective on the stock, down from their previous price objective of GBX 2,800 ($37.44). JPMorgan Chase & Co.’s price objective indicates a potential upside of 7.44% from the company’s current price.
Other equities analysts have also issued reports about the company. Citigroup restated a “buy” rating and set a GBX 2,900 ($38.78) price target on shares of Coca Cola HBC in a research note on Friday, August 11th. Morgan Stanley upgraded Coca Cola HBC to an “equal weight” rating and upped their price objective for the company from GBX 1,800 ($24.07) to GBX 2,400 ($32.09) in a research note on Friday, September 22nd. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC in a report on Thursday, August 10th. Societe Generale reaffirmed a “hold” rating and set a GBX 2,758 ($36.88) price objective on shares of Coca Cola HBC in a report on Friday, November 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 2,700 ($36.10) price objective on shares of Coca Cola HBC in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,458.55 ($32.87).
Shares of Coca Cola HBC (LON CCH) traded up GBX 6 ($0.08) during trading hours on Monday, hitting GBX 2,420 ($32.36). The company’s stock had a trading volume of 208,949 shares, compared to its average volume of 585,993. Coca Cola HBC has a 12 month low of GBX 1,729 ($23.12) and a 12 month high of GBX 2,682 ($35.86). The firm has a market capitalization of $8,800.00 and a PE ratio of 2,520.83.
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About Coca Cola HBC
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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