Coca Cola HBC AG (CCH) Receives Average Rating of “Hold” from Brokerages
Coca Cola HBC AG (LON:CCH) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,526.90 ($34.27).
Several analysts recently issued reports on the company. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC in a report on Thursday, November 9th. Jefferies Group reissued a “hold” rating and issued a GBX 2,700 ($36.62) price target on shares of Coca Cola HBC in a report on Friday, November 10th. JPMorgan Chase & Co. cut their price target on Coca Cola HBC from GBX 2,600 ($35.26) to GBX 2,400 ($32.55) and set a “neutral” rating on the stock in a report on Wednesday, December 6th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,820 ($38.24) price target on shares of Coca Cola HBC in a report on Friday, October 6th. Finally, Societe Generale reissued a “hold” rating and issued a GBX 2,758 ($37.40) price target on shares of Coca Cola HBC in a report on Friday, November 10th.
In other news, insider Michalis Imellos acquired 43 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were bought at an average price of GBX 2,605 ($35.33) per share, with a total value of £1,120.15 ($1,519.05). Also, insider JAN GUSTAVSSON acquired 100 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of GBX 2,347 ($31.83) per share, for a total transaction of £2,347 ($3,182.80). Insiders have acquired a total of 188 shares of company stock worth $457,775 in the last ninety days.
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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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