Analysts Set Coca Cola HBC AG (CCH) PT at $2,723.33
Shares of Coca Cola HBC AG (LON:CCH) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,723.33 ($35.59).
CCH has been the subject of a number of analyst reports. UBS Group raised shares of Coca Cola HBC to a “buy” rating and increased their price objective for the stock from GBX 2,050 ($26.79) to GBX 2,650 ($34.63) in a research note on Tuesday, November 27th. Deutsche Bank reduced their price objective on shares of Coca Cola HBC from GBX 2,900 ($37.89) to GBX 2,850 ($37.24) and set a “buy” rating for the company in a research note on Tuesday, October 9th. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC in a research note on Thursday, November 8th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,950 ($38.55) price objective (up from GBX 2,700 ($35.28)) on shares of Coca Cola HBC in a research note on Friday, August 17th.
Shares of LON CCH traded down GBX 59 ($0.77) during midday trading on Thursday, reaching GBX 2,336 ($30.52). The stock had a trading volume of 1,064,149 shares, compared to its average volume of 875,987. Coca Cola HBC has a 12-month low of GBX 1,969 ($25.73) and a 12-month high of GBX 2,682 ($35.05).
About Coca Cola HBC
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.
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