Coca Cola HBC AG (CCH) Stock Rating Reaffirmed by Jefferies Group LLC
Coca Cola HBC AG (LON:CCH)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a GBX 2,700 ($35.51) price objective on the stock. Jefferies Group LLC’s price target suggests a potential upside of 4.45% from the company’s current price.
Other equities analysts have also issued research reports about the company. Citigroup Inc. reiterated a “buy” rating and set a GBX 2,900 ($38.14) price objective on shares of Coca Cola HBC AG in a research note on Friday, August 11th. Morgan Stanley upgraded Coca Cola HBC AG to an “equal weight” rating and lifted their price objective for the company from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a research note on Friday, September 22nd. Shore Capital reiterated a “hold” rating on shares of Coca Cola HBC AG in a research note on Thursday. Deutsche Bank AG lifted their price objective on Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,820 ($37.09) price objective on shares of Coca Cola HBC AG in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 2,494.91 ($32.81).
Coca Cola HBC AG (LON:CCH) opened at GBX 2,584.90 ($34.00) on Friday. Coca Cola HBC AG has a 52 week low of GBX 1,602 ($21.07) and a 52 week high of GBX 2,682 ($35.28).
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In other Coca Cola HBC AG news, insider Michalis Imellos purchased 43 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of GBX 2,591 ($34.08) per share, for a total transaction of £1,114.13 ($1,465.38). In the last 90 days, insiders purchased 128 shares of company stock valued at $331,494.
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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