Brokerages Set Coca Cola HBC AG (CCH) PT at $2,356.78
Coca Cola HBC AG (LON:CCH) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,356.78 ($30.44).
Several analysts recently issued reports on CCH shares. Citigroup Inc. reissued a “buy” rating and issued a GBX 2,900 ($37.45) price target on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 2,200 ($28.41) price target on shares of Coca Cola HBC AG in a research report on Friday, May 12th. Numis Securities Ltd restated a “hold” rating and set a GBX 2,071 ($26.75) price objective on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Shore Capital restated a “hold” rating on shares of Coca Cola HBC AG in a research note on Thursday, May 11th. Finally, Deutsche Bank AG raised their price objective on Coca Cola HBC AG from GBX 1,950 ($25.18) to GBX 2,400 ($31.00) and gave the company a “hold” rating in a research note on Tuesday, August 22nd.
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Shares of Coca Cola HBC AG (LON:CCH) traded up 1.22% on Tuesday, reaching GBX 2663.00. 377,864 shares of the company’s stock were exchanged. Coca Cola HBC AG has a 52-week low of GBX 1,602.00 and a 52-week high of GBX 2,682.00. The company’s 50 day moving average price is GBX 2,471.62 and its 200-day moving average price is GBX 2,235.98. The stock’s market cap is GBX 9.69 billion.
In other Coca Cola HBC AG news, insider SANDA PAREZANOVIC bought 34 shares of the stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of GBX 2,243 ($28.97) per share, for a total transaction of £762.62 ($984.92). Also, insider JAN GUSTAVSSON bought 104 shares of the stock in a transaction dated Monday, July 17th. The shares were acquired at an average price of GBX 2,240 ($28.93) per share, for a total transaction of £2,329.60 ($3,008.65). Over the last 90 days, insiders have acquired 214 shares of company stock worth $497,492.
Coca Cola HBC AG 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.
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