Coca Cola HBC AG (LON:CCH) had its target price boosted by equities research analysts at Jefferies Group from GBX 1,900 ($23.11) to GBX 2,000 ($24.32) in a research note issued to investors on Wednesday. The brokerage currently has a ” buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 12.17% from the company’s previous close.
A number of other brokerages have also weighed in on CCH. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,824 ($22.18) target price on shares of Coca Cola HBC AG in a research report on Wednesday, October 19th. Barclays PLC boosted their target price on Coca Cola HBC AG from GBX 1,575 ($19.15) to GBX 1,630 ($19.82) and gave the stock an “underweight” rating in a research report on Thursday, October 27th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,900 ($23.11) target price on shares of Coca Cola HBC AG in a research report on Friday, October 28th. Citigroup Inc. reissued a “buy” rating on shares of Coca Cola HBC AG in a research report on Tuesday, October 4th. Finally, Shore Capital reissued a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, November 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Coca Cola HBC AG presently has an average rating of “Hold” and an average target price of GBX 1,651 ($20.08).
Shares of Coca Cola HBC AG (LON:CCH) traded down 0.22% during midday trading on Wednesday, hitting GBX 1779.00. 520,057 shares of the stock were exchanged. Coca Cola HBC AG has a 52-week low of GBX 1,250.00 and a 52-week high of GBX 1,889.00. The firm’s 50 day moving average price is GBX 1,688.76 and its 200-day moving average price is GBX 1,667.36. The stock’s market cap is GBX 6.49 billion.
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In related news, insider Dimitris Lois acquired 512 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average cost of GBX 1,672 ($20.33) per share, for a total transaction of £8,560.64 ($10,410.60).
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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