Coca Cola HBC AG (CCH) Rating Lowered to Hold at Jefferies Group LLC
Coca Cola HBC AG (LON:CCH) was downgraded by Jefferies Group LLC to a “hold” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 2,700 ($35.50) price target on the stock, up from their prior price target of GBX 2,200 ($28.92). Jefferies Group LLC’s price target would indicate a potential upside of 4.77% from the stock’s current price.
CCH has been the topic of several other reports. Credit Suisse Group lifted their price target on shares of Coca Cola HBC AG from GBX 2,400 ($31.55) to GBX 2,820 ($37.08) and gave the stock an “outperform” rating in a research note on Friday, August 11th. Deutsche Bank AG lifted their price target on shares of Coca Cola HBC AG from GBX 1,950 ($25.64) to GBX 2,400 ($31.55) and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Barclays PLC reiterated an “underweight” rating on shares of Coca Cola HBC AG in a research note on Friday, August 11th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 2,500 ($32.87) price target on shares of Coca Cola HBC AG in a research note on Friday, July 7th. Finally, Morgan Stanley upgraded shares of Coca Cola HBC AG to an “equal weight” rating and lifted their price target for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.55) in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 2,380.55 ($31.30).
Coca Cola HBC AG (LON CCH) opened at 2587.00 on Wednesday. The company has a 50 day moving average price of GBX 2,583.84 and a 200 day moving average price of GBX 2,333.44. Coca Cola HBC AG has a 52-week low of GBX 1,602.00 and a 52-week high of GBX 2,682.00. The firm’s market capitalization is GBX 9.41 billion.
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In other news, insider JAN GUSTAVSSON purchased 104 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were acquired at an average cost of GBX 2,240 ($29.45) per share, for a total transaction of £2,329.60 ($3,062.85). Also, insider SANDA PAREZANOVIC purchased 34 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were purchased at an average price of GBX 2,243 ($29.49) per share, for a total transaction of £762.62 ($1,002.66). Over the last quarter, insiders have bought 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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