Coca Cola HBC’s (CCH) “Neutral” Rating Reiterated at JPMorgan Chase & Co.
Coca Cola HBC (LON:CCH)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. They presently have a GBX 2,400 ($32.55) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 2.74% from the stock’s current price.
CCH has been the subject of a number of other research reports. Morgan Stanley raised shares of Coca Cola HBC to an “equal weight” rating and increased their price objective for the stock from GBX 1,800 ($24.41) to GBX 2,400 ($32.55) in a research report on Friday, September 22nd. Shore Capital reaffirmed a “hold” rating on shares of Coca Cola HBC in a research report on Thursday, November 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,820 ($38.24) price objective on shares of Coca Cola HBC in a research report on Friday, October 6th. Jefferies Group cut shares of Coca Cola HBC to a “hold” rating and increased their price objective for the stock from GBX 2,200 ($29.83) to GBX 2,700 ($36.62) in a research report on Wednesday, October 11th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 2,758 ($37.40) price objective on shares of Coca Cola HBC in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,458.55 ($33.34).
Shares of Coca Cola HBC (LON CCH) opened at GBX 2,336 ($31.68) on Wednesday. Coca Cola HBC has a one year low of GBX 1,778 ($24.11) and a one year high of GBX 2,682 ($36.37). The firm has a market cap of $8,580.00 and a P/E ratio of 2,433.33.
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About Coca Cola HBC
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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