Shore Capital Reiterates “Hold” Rating for Coca-Cola HBC (CCH)
Coca-Cola HBC (LON:CCH)‘s stock had its “hold” rating reissued by analysts at Shore Capital in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also weighed in on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,800 ($37.69) target price on shares of Coca-Cola HBC in a report on Friday, November 10th. Credit Suisse Group increased their target price on shares of Coca-Cola HBC from GBX 2,400 ($32.30) to GBX 2,820 ($37.95) and gave the stock an “outperform” rating in a report on Friday, August 11th. Jefferies Group restated a “hold” rating and set a GBX 2,700 ($36.34) price objective on shares of Coca-Cola HBC in a report on Friday, November 10th. Societe Generale restated a “hold” rating and set a GBX 2,758 ($37.12) price objective on shares of Coca-Cola HBC in a report on Friday, November 10th. Finally, Deutsche Bank raised their price objective on shares of Coca-Cola HBC from GBX 1,950 ($26.24) to GBX 2,400 ($32.30) and gave the stock a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,458.55 ($33.09).
Shares of Coca-Cola HBC (LON:CCH) opened at GBX 2,319 ($31.21) on Thursday. Coca-Cola HBC has a twelve month low of GBX 1,602 ($21.56) and a twelve month high of GBX 2,682 ($36.10).
In related news, insider Michalis Imellos acquired 42 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 2,573 ($34.63) per share, for a total transaction of £1,080.66 ($1,454.45). Over the last 90 days, insiders have purchased 130 shares of company stock worth $331,141.
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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