Credit Suisse Group Reaffirms “Outperform” Rating for Coca Cola HBC AG (CCH)
Credit Suisse Group reiterated their outperform rating on shares of Coca Cola HBC AG (LON:CCH) in a research report report published on Friday morning. Credit Suisse Group currently has a GBX 2,820 ($37.41) price target on the stock.
A number of other equities analysts also recently commented on CCH. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,500 ($33.16) price objective on shares of Coca Cola HBC AG in a research note on Friday, July 7th. BNP Paribas restated an outperform rating and set a GBX 2,700 ($35.81) price objective on shares of Coca Cola HBC AG in a research note on Wednesday, July 19th. Shore Capital restated a hold rating on shares of Coca Cola HBC AG in a research note on Thursday, August 10th. Barclays PLC restated an underweight rating on shares of Coca Cola HBC AG in a research note on Friday, August 11th. Finally, Citigroup Inc. restated a buy rating and set a GBX 2,900 ($38.47) price objective on shares of Coca Cola HBC AG in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Coca Cola HBC AG currently has a consensus rating of Hold and an average price target of GBX 2,335.09 ($30.97).
Coca Cola HBC AG (CCH) opened at 2553.00 on Friday. Coca Cola HBC AG has a 12-month low of GBX 1,602.00 and a 12-month high of GBX 2,682.00. The firm’s 50-day moving average price is GBX 2,583.95 and its 200 day moving average price is GBX 2,321.12. The company’s market capitalization is GBX 9.29 billion.
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In related news, insider Michalis Imellos purchased 42 shares of the stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of GBX 2,573 ($34.13) per share, with a total value of £1,080.66 ($1,433.43). Also, insider SANDA PAREZANOVIC purchased 34 shares of the stock in a transaction on Wednesday, July 26th. The stock was bought at an average cost of GBX 2,243 ($29.75) per share, for a total transaction of £762.62 ($1,011.57). Over the last three months, insiders acquired 223 shares of company stock worth $528,701.
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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