Coca Cola HBC AG (LON:CCH) insider Anastasios I. Leventis sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 2,467 ($34.08), for a total transaction of £2,467,000 ($3,408,400.11).
Shares of Coca Cola HBC AG (LON CCH) traded up GBX 11 ($0.15) during trading hours on Friday, hitting GBX 2,531 ($34.97). 979,509 shares of the stock traded hands, compared to its average volume of 875,987. Coca Cola HBC AG has a 52-week low of GBX 1,969 ($27.20) and a 52-week high of GBX 2,682 ($37.05). The company has a market cap of $9,360.00 and a PE ratio of 2,457.28.
Several equities analysts have issued reports on the stock. Shore Capital restated a “hold” rating on shares of Coca Cola HBC in a research note on Thursday, December 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,400 ($33.16) target price on shares of Coca Cola HBC in a research note on Monday, February 19th. Goldman Sachs restated a “neutral” rating and set a GBX 2,600 ($35.92) target price on shares of Coca Cola HBC in a research note on Wednesday, February 7th. Deutsche Bank upgraded shares of Coca Cola HBC to a “buy” rating and increased their price objective for the stock from GBX 2,400 ($33.16) to GBX 2,850 ($39.38) in a research note on Thursday, January 18th. Finally, Credit Suisse Group lowered their price objective on shares of Coca Cola HBC from GBX 2,820 ($38.96) to GBX 2,700 ($37.30) and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,532.18 ($34.98).
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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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