Coca Cola HBC AG (CCH) PT Raised to GBX 2,100 at Jefferies Group
Coca Cola HBC AG (LON:CCH) had its price objective increased by investment analysts at Jefferies Group from GBX 2,000 ($24.38) to GBX 2,100 ($25.59) in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 14.13% from the company’s current price.
Several other brokerages have also commented on CCH. Morgan Stanley initiated coverage on Coca Cola HBC AG in a research report on Tuesday, August 2nd. They set an “underweight” rating and a GBX 1,430 ($17.43) price objective on the stock. Citigroup Inc. reiterated a “buy” rating on shares of Coca Cola HBC AG in a research report on Tuesday, October 4th. Deutsche Bank AG increased their price objective on Coca Cola HBC AG from GBX 1,500 ($18.28) to GBX 1,600 ($19.50) and gave the company a “hold” rating in a research report on Wednesday, July 6th. Barclays PLC reiterated an “underweight” rating and set a GBX 1,575 ($19.20) price objective on shares of Coca Cola HBC AG in a research report on Friday, October 7th. Finally, Credit Suisse Group AG upgraded Coca Cola HBC AG to an “outperform” rating and raised their price target for the stock from GBX 1,600 ($19.50) to GBX 1,950 ($23.77) in a research report on Thursday, September 15th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,641.33 ($20.00).
Coca Cola HBC AG (LON:CCH) opened at 1833.00 on Monday. The stock’s 50 day moving average price is GBX 1,734.57 and its 200-day moving average price is GBX 1,541.94. Coca Cola HBC AG has a 12 month low of GBX 1,250.00 and a 12 month high of GBX 1,889.00. The firm’s market capitalization is GBX 6.69 billion.
In other Coca Cola HBC AG news, insider Lois ,Dimitris acquired 377 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of GBX 1,692 ($20.62) per share, for a total transaction of £6,378.84 ($7,774.33).
Coca Cola HBC AG Company Profile
Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. 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, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.
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