Coca Cola HBC AG’s (CCH) “Buy” Rating Reaffirmed at Citigroup Inc.
Coca Cola HBC AG (LON:CCH)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued on Friday. They currently have a GBX 2,900 ($37.77) target price on the stock. Citigroup Inc.’s target price points to a potential upside of 11.88% from the stock’s previous close.
A number of other research firms have also weighed in on CCH. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, May 11th. Numis Securities Ltd reissued a “hold” rating and set a GBX 2,071 ($26.97) target price on shares of Coca Cola HBC AG in a research report on Friday, May 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 2,500 ($32.56) target price on shares of Coca Cola HBC AG in a research report on Monday, May 22nd. Barclays PLC reissued an “underweight” rating on shares of Coca Cola HBC AG in a research report on Friday. Finally, Jefferies Group LLC reissued a “buy” rating and set a GBX 2,200 ($28.65) target price on shares of Coca Cola HBC AG in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 2,137.82 ($27.84).
Coca Cola HBC AG (LON CCH) opened at 2587.00 on Friday. The company has a 50-day moving average price of GBX 2,293.43 and a 200-day moving average price of GBX 2,125.79. Coca Cola HBC AG has a 1-year low of GBX 1,572.00 and a 1-year high of GBX 2,606.00. The firm’s market capitalization is GBX 9.40 billion.
In related news, insider Dimitris Lois acquired 33 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of GBX 2,329 ($30.33) per share, with a total value of £768.57 ($1,000.87). Also, insider SANDA PAREZANOVIC acquired 34 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of GBX 2,243 ($29.21) per share, with a total value of £762.62 ($993.12). Insiders have bought 204 shares of company stock valued at $458,844 in the last ninety days.
About Coca Cola HBC AG
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.
Receive News & Ratings for Coca Cola HBC AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC AG and related companies with Analyst Ratings Network's FREE daily email newsletter.