Coca Cola HBC AG (CCH) Given Consensus Recommendation of “Hold” by Brokerages
Coca Cola HBC AG (LON:CCH) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,356.78 ($30.44).
CCH has been the subject of a number of research analyst reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 1,775 ($22.92) target price on shares of Coca Cola HBC AG in a research note on Tuesday, May 30th. Credit Suisse Group lifted their target price on shares of Coca Cola HBC AG from GBX 2,400 ($31.00) to GBX 2,820 ($36.42) and gave the company an “outperform” rating in a research note on Friday, August 11th. Citigroup Inc. reiterated a “buy” rating on shares of Coca Cola HBC AG in a research note on Monday, May 15th. Deutsche Bank AG lifted their target price on shares of Coca Cola HBC AG from GBX 1,950 ($25.18) to GBX 2,400 ($31.00) and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,500 ($32.29) target price on shares of Coca Cola HBC AG in a research note on Friday, July 7th.
In related news, insider JAN GUSTAVSSON acquired 104 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was purchased at an average price of GBX 2,240 ($28.93) per share, for a total transaction of £2,329.60 ($3,008.65). Also, insider SANDA PAREZANOVIC acquired 34 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was bought at an average price of GBX 2,243 ($28.97) per share, with a total value of £762.62 ($984.92). Insiders purchased a total of 214 shares of company stock valued at $497,492 in the last 90 days.
Shares of Coca Cola HBC AG (LON:CCH) traded up 1.22% during mid-day trading on Tuesday, hitting GBX 2663.00. The stock had a trading volume of 377,864 shares. The stock’s market cap is GBX 9.72 billion. The firm has a 50 day moving average of GBX 2,482.16 and a 200 day moving average of GBX 2,237.98. Coca Cola HBC AG has a one year low of GBX 1,602.00 and a one year high of GBX 2,682.00.
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.
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