Barclays PLC restated their underweight rating on shares of Coca Cola HBC AG (LON:CCH) in a research note issued to investors on Friday morning. Barclays PLC currently has a GBX 1,575 ($20.56) price objective on the stock.
A number of other brokerages also recently weighed in on CCH. Deutsche Bank AG reissued a hold rating and issued a GBX 1,600 ($20.89) price target on shares of Coca Cola HBC AG in a report on Friday, August 12th. JPMorgan Chase & Co. upped their price target on shares of Coca Cola HBC AG from GBX 1,800 ($23.50) to GBX 1,900 ($24.80) and gave the company an overweight rating in a report on Friday, August 12th. Morgan Stanley assumed coverage on shares of Coca Cola HBC AG in a report on Tuesday, August 2nd. They issued an underweight rating and a GBX 1,430 ($18.67) price target for the company. Credit Suisse Group AG upped their price target on shares of Coca Cola HBC AG from GBX 1,500 ($19.58) to GBX 1,600 ($20.89) and gave the company a neutral rating in a report on Friday, July 8th. Finally, Citigroup Inc. reissued a buy rating on shares of Coca Cola HBC AG in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 1,633 ($21.32).
Coca Cola HBC AG (LON:CCH) traded up 1.78% during midday trading on Friday, hitting GBX 1830.00. 226,805 shares of the company traded hands. Coca Cola HBC AG has a 12-month low of GBX 1,250.00 and a 12-month high of GBX 1,843.00. The company’s market cap is GBX 6.68 billion. The stock has a 50 day moving average price of GBX 1,710.44 and a 200-day moving average price of GBX 1,522.13.
In other Coca Cola HBC AG news, insider Lois ,Dimitris bought 403 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were bought at an average price of GBX 1,579 ($20.61) per share, for a total transaction of £6,363.37 ($8,306.19).
Coca Cola HBC AG Company Profile
Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. 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, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.
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