Coca Cola HBC AG’s (CCH) Underweight Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their underweight rating on shares of Coca Cola HBC AG (LON:CCH) in a research report released on Friday. The brokerage currently has a GBX 1,575 ($20.56) price target on the stock.
CCH has been the subject of a number of other research reports. Credit Suisse Group AG decreased their price target on shares of Coca Cola HBC AG from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a neutral rating for the company in a research note on Thursday, August 25th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 1,500 ($19.58) target price on shares of Coca Cola HBC AG in a research note on Monday, June 27th. Societe Generale raised their target price on shares of Coca Cola HBC AG from GBX 1,890 ($24.67) to GBX 2,000 ($26.11) and gave the stock a buy rating in a research note on Friday, August 12th. Numis Securities Ltd cut shares of Coca Cola HBC AG to a hold rating and raised their target price for the stock from GBX 1,542 ($20.13) to GBX 1,665 ($21.73) in a research note on Monday, August 15th. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 1,600 ($20.89) target price on shares of Coca Cola HBC AG in a research note on Friday, August 12th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Coca Cola HBC AG has an average rating of Hold and a consensus price target of GBX 1,633 ($21.32).
Shares of Coca Cola HBC AG (LON:CCH) traded up 1.78% during mid-day trading on Friday, reaching GBX 1830.00. 226,805 shares of the company traded hands. The stock’s 50-day moving average is GBX 1,710.44 and its 200-day moving average is GBX 1,522.13. The company’s market capitalization is GBX 6.68 billion. Coca Cola HBC AG has a 52 week low of GBX 1,250.00 and a 52 week high of GBX 1,843.00.
In related news, insider Lois ,Dimitris bought 377 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average cost of GBX 1,692 ($22.09) per share, with a total value of £6,378.84 ($8,326.38).
Coca Cola HBC AG Company Profile
Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. 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, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.
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