Coca Cola HBC AG (CCH) Given New GBX 1,900 Price Target at Jefferies Group
Coca Cola HBC AG (LON:CCH) had its price target decreased by equities researchers at Jefferies Group from GBX 2,100 ($26.24) to GBX 1,900 ($23.74) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 13.50% from the stock’s current price.
A number of other research firms also recently commented on CCH. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,824 ($22.79) price objective on shares of Coca Cola HBC AG in a research note on Wednesday, October 19th. Barclays PLC increased their target price on shares of Coca Cola HBC AG from GBX 1,575 ($19.68) to GBX 1,630 ($20.36) and gave the stock an “underweight” rating in a research report on Thursday, October 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,900 ($23.74) target price on shares of Coca Cola HBC AG in a research report on Friday, October 28th. Citigroup Inc. reissued a “buy” rating on shares of Coca Cola HBC AG in a research report on Tuesday, October 4th. Finally, Shore Capital reissued a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, November 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,642.67 ($20.52).
Shares of Coca Cola HBC AG (LON:CCH) opened at 1674.00 on Monday. Coca Cola HBC AG has a 12-month low of GBX 1,250.00 and a 12-month high of GBX 1,889.00. The firm’s market cap is GBX 6.11 billion. The firm’s 50-day moving average is GBX 1,771.39 and its 200-day moving average is GBX 1,590.71.
In other Coca Cola HBC AG news, insider Lois ,Dimitris bought 377 shares of Coca Cola HBC AG stock in a transaction dated Friday, September 16th. The stock was bought at an average cost of GBX 1,692 ($21.14) per share, for a total transaction of £6,378.84 ($7,969.57). Also, insider Dimitris Lois bought 112 shares of Coca Cola HBC AG stock in a transaction dated Monday, October 17th. The shares were acquired at an average price of GBX 1,824 ($22.79) per share, with a total value of £2,042.88 ($2,552.32).
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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