J P Morgan Chase & Co Downgrades Coca-Cola HBC (CCH) to Neutral

J P Morgan Chase & Co cut shares of Coca-Cola HBC (LON:CCH) to a neutral rating in a research note published on Monday, November 13th, Marketbeat reports. They currently have GBX 2,600 ($34.82) price target on the stock, down from their prior price target of GBX 2,800 ($37.50).

A number of other brokerages have also issued reports on CCH. Morgan Stanley upgraded shares of Coca-Cola HBC to an equal weight rating and boosted their price target for the stock from GBX 1,800 ($24.11) to GBX 2,400 ($32.14) in a research note on Friday, September 22nd. Shore Capital restated a hold rating on shares of Coca-Cola HBC in a research report on Thursday, August 10th. Barclays restated an underweight rating on shares of Coca-Cola HBC in a research report on Friday, August 11th. Societe Generale restated a hold rating and set a GBX 2,758 ($36.94) target price on shares of Coca-Cola HBC in a research report on Friday, November 10th. Finally, Credit Suisse Group upped their target price on shares of Coca-Cola HBC from GBX 2,400 ($32.14) to GBX 2,820 ($37.77) and gave the stock an outperform rating in a research report on Friday, August 11th. One equities 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 2,476.73 ($33.17).

Shares of Coca-Cola HBC (LON CCH) traded down GBX 41 ($0.55) during trading on Monday, hitting GBX 2,328 ($31.18). 579,018 shares of the stock were exchanged, compared to its average volume of 656,475. Coca-Cola HBC has a twelve month low of GBX 1,602 ($21.45) and a twelve month high of GBX 2,682 ($35.92).

In other news, insider Michalis Imellos acquired 43 shares of Coca-Cola HBC stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of GBX 2,605 ($34.89) per share, with a total value of £1,120.15 ($1,500.13). Insiders have purchased 130 shares of company stock worth $331,141 in the last three months.

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Coca-Cola HBC 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.

Analyst Recommendations for Coca-Cola HBC (LON:CCH)

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