Deutsche Bank AG Boosts Coca Cola HBC AG (CCH) Price Target to GBX 2,400
Coca Cola HBC AG (LON:CCH) had its price objective upped by investment analysts at Deutsche Bank AG from GBX 1,950 ($25.31) to GBX 2,400 ($31.16) in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 5.85% from the company’s previous close.
Several other analysts also recently weighed in on CCH. Shore Capital restated a “hold” rating on shares of Coca Cola HBC AG in a research note on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and set a GBX 2,200 ($28.56) target price on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Numis Securities Ltd restated a “hold” rating and set a GBX 2,071 ($26.89) target price on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Citigroup Inc. restated a “buy” rating on shares of Coca Cola HBC AG in a research note on Monday, May 15th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,500 ($32.45) target price on shares of Coca Cola HBC AG in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Coca Cola HBC AG has an average rating of “Hold” and a consensus price target of GBX 2,298.60 ($29.84).
Coca Cola HBC AG (CCH) opened at 2549.00 on Tuesday. The firm’s market capitalization is GBX 9.28 billion. Coca Cola HBC AG has a 12 month low of GBX 1,602.00 and a 12 month high of GBX 2,656.00. The firm has a 50 day moving average price of GBX 2,336.28 and a 200-day moving average price of GBX 2,165.67.
In other news, insider Dimitris Lois acquired 33 shares of Coca Cola HBC AG stock in a transaction on Friday, June 16th. The stock was bought at an average price of GBX 2,329 ($30.23) per share, for a total transaction of £768.57 ($997.75). Also, insider Michalis Imellos acquired 43 shares of Coca Cola HBC AG stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of GBX 2,591 ($33.64) per share, with a total value of £1,114.13 ($1,446.36). Insiders acquired a total of 214 shares of company stock valued at $497,492 in 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.
Receive News & Stock Ratings for Coca Cola HBC AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC AG and related stocks with our FREE daily email newsletter.