Coca Cola HBC AG’s (CCH) “Hold” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reiterated their hold rating on shares of Coca Cola HBC AG (LON:CCH) in a report released on Friday morning. Jefferies Group LLC currently has a GBX 2,700 ($35.51) price target on the stock.
Other analysts also recently issued research reports about the stock. Citigroup Inc. reaffirmed a buy rating and set a GBX 2,900 ($38.14) target price on shares of Coca Cola HBC AG in a report on Friday, August 11th. BNP Paribas reaffirmed an outperform rating and set a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. Morgan Stanley raised shares of Coca Cola HBC AG to an equal weight rating and lifted their target price for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a report on Friday, September 22nd. Shore Capital reaffirmed a hold rating on shares of Coca Cola HBC AG in a report on Thursday, August 10th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 2,820 ($37.09) target price on shares of Coca Cola HBC AG in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 2,476.73 ($32.58).
Shares of Coca Cola HBC AG (CCH) traded down GBX 118 ($1.55) on Friday, hitting GBX 2,467 ($32.45). 842,840 shares of the stock were exchanged, compared to its average volume of 555,213. Coca Cola HBC AG has a 52 week low of GBX 1,602 ($21.07) and a 52 week high of GBX 2,682 ($35.28).
In related news, insider Michalis Imellos acquired 42 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average cost of GBX 2,573 ($33.84) per share, for a total transaction of £1,080.66 ($1,421.36). Over the last quarter, insiders have purchased 128 shares of company stock valued at $331,494.
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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