Credit Suisse Group Reiterates Outperform Rating for Coca Cola HBC AG (CCH)
Coca Cola HBC AG (LON:CCH)‘s stock had its “outperform” rating restated by Credit Suisse Group in a report released on Friday. They presently have a GBX 2,820 ($37.41) target price on the stock. Credit Suisse Group’s target price points to a potential upside of 10.59% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. Morgan Stanley raised Coca Cola HBC AG to an “equal weight” rating and boosted their price target for the stock from GBX 1,800 ($23.88) to GBX 2,400 ($31.83) in a research report on Friday, September 22nd. Deutsche Bank AG boosted their price target on Coca Cola HBC AG from GBX 1,950 ($25.87) to GBX 2,400 ($31.83) and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 2,900 ($38.47) price target on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Barclays PLC reaffirmed an “underweight” rating on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,307.82 ($30.61).
Shares of Coca Cola HBC AG (LON:CCH) opened at 2550.00 on Friday. The stock has a 50 day moving average price of GBX 2,583.95 and a 200-day moving average price of GBX 2,321.12. The firm’s market cap is GBX 9.28 billion. Coca Cola HBC AG has a 1-year low of GBX 1,602.00 and a 1-year high of GBX 2,682.00.
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In other news, insider SANDA PAREZANOVIC purchased 34 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased at an average cost of GBX 2,243 ($29.75) per share, for a total transaction of £762.62 ($1,011.57). Also, insider Michalis Imellos purchased 42 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of GBX 2,573 ($34.13) per share, for a total transaction of £1,080.66 ($1,433.43). Insiders bought 223 shares of company stock worth $528,701 over the last quarter.
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.
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