Coca Cola HBC AG (CCH) Receives Consensus Rating of “Hold” from Analysts
Coca Cola HBC AG (LON:CCH) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,361.10 ($31.75).
A number of equities analysts have weighed in on the stock. BNP Paribas reiterated an “outperform” rating and set a GBX 2,700 ($36.31) target price on shares of Coca Cola HBC AG in a research report on Wednesday, July 19th. Citigroup Inc. restated a “buy” rating and issued a GBX 2,900 ($39.00) price objective on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Deutsche Bank AG raised their price objective on shares of Coca Cola HBC AG from GBX 1,950 ($26.22) to GBX 2,400 ($32.28) and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Credit Suisse Group raised their price objective on shares of Coca Cola HBC AG from GBX 2,400 ($32.28) to GBX 2,820 ($37.92) and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Barclays PLC restated an “underweight” rating on shares of Coca Cola HBC AG in a research report on Friday, August 11th.
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In related news, insider Michalis Imellos bought 43 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of GBX 2,591 ($34.84) per share, with a total value of £1,114.13 ($1,498.29). Also, insider JAN GUSTAVSSON bought 104 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 2,240 ($30.12) per share, for a total transaction of £2,329.60 ($3,132.87). Insiders purchased 223 shares of company stock worth $528,701 over the last ninety days.
Shares of Coca Cola HBC AG (CCH) traded up 1.24% during mid-day trading on Friday, reaching GBX 2525.00. 465,338 shares of the company’s stock traded hands. Coca Cola HBC AG has a 12-month low of GBX 1,602.00 and a 12-month high of GBX 2,682.00. The company’s market cap is GBX 9.19 billion. The firm has a 50-day moving average of GBX 2,550.19 and a 200 day moving average of GBX 2,274.53.
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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