Coca Cola HBC AG (CCH) Lifted to Outperform at Credit Suisse Group AG
Credit Suisse Group AG upgraded shares of Coca Cola HBC AG (LON:CCH) to an outperform rating in a research note released on Thursday. The brokerage currently has GBX 1,950 ($25.45) price objective on the stock, up from their prior price objective of GBX 1,600 ($20.89).
Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,450 ($18.93) price target on shares of Coca Cola HBC AG in a report on Friday, May 20th. Societe Generale raised their price target on shares of Coca Cola HBC AG from GBX 1,890 ($24.67) to GBX 2,000 ($26.11) and gave the company a buy rating in a report on Friday, August 12th. Citigroup Inc. raised shares of Coca Cola HBC AG to a buy rating in a report on Friday, May 20th. 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. Finally, Numis Securities Ltd lowered shares of Coca Cola HBC AG to a hold rating and raised their price target for the company from GBX 1,542 ($20.13) to GBX 1,665 ($21.73) in a report on Monday, August 15th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 1,633 ($21.32).
Coca Cola HBC AG (LON:CCH) opened at 1683.00 on Thursday. The stock has a 50 day moving average of GBX 1,655.65 and a 200-day moving average of GBX 1,491.99. The firm’s market capitalization is GBX 6.14 billion. Coca Cola HBC AG has a 1-year low of GBX 1,250.00 and a 1-year high of GBX 1,740.00.
In other Coca Cola HBC AG news, insider Lois ,Dimitris purchased 403 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were purchased at an average cost of GBX 1,579 ($20.61) per share, with a total value of £6,363.37 ($8,306.19). Also, insider W. Douglas,William (Bill) purchased 10,000 shares of the business’s stock in a transaction on Friday, June 24th. The shares were acquired at an average cost of GBX 1,392 ($18.17) per share, for a total transaction of £139,200 ($181,699.52).
About Coca Cola HBC AG
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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