Deutsche Bank Upgrades Coca Cola HBC (CCH) to Buy
Deutsche Bank upgraded shares of Coca Cola HBC (LON:CCH) to a buy rating in a research note released on Thursday. Deutsche Bank currently has GBX 2,850 ($38.65) price objective on the stock, up from their previous price objective of GBX 2,400 ($32.55).
Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. restated a neutral rating and set a GBX 2,400 ($32.55) price target on shares of Coca Cola HBC in a report on Wednesday. Shore Capital restated a hold rating on shares of Coca Cola HBC in a report on Thursday, December 7th. Societe Generale restated a hold rating and set a GBX 2,758 ($37.40) price target on shares of Coca Cola HBC in a report on Friday, November 10th. Jefferies Group restated a hold rating and set a GBX 2,700 ($36.62) price target on shares of Coca Cola HBC in a report on Friday, November 10th. Finally, Credit Suisse Group restated an outperform rating and set a GBX 2,820 ($38.24) price target on shares of Coca Cola HBC in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,537.40 ($34.41).
Coca Cola HBC (LON:CCH) traded up GBX 12 ($0.16) during midday trading on Thursday, reaching GBX 2,424 ($32.87). The firm has a market capitalization of $8,900.00 and a PE ratio of 2,551.58. Coca Cola HBC has a 12 month low of GBX 1,782 ($24.17) and a 12 month high of GBX 2,682 ($36.37).
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About Coca Cola HBC
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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