Credit Suisse Group Boosts Coca Cola HBC AG (CCH) Price Target to GBX 2,820
Coca Cola HBC AG (LON:CCH) had its target price boosted by research analysts at Credit Suisse Group from GBX 2,400 ($31.25) to GBX 2,820 ($36.72) in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 8.80% from the stock’s current price.
A number of other equities analysts have also weighed in on the company. Barclays PLC restated an “underweight” rating and issued a GBX 1,775 ($23.11) target price on shares of Coca Cola HBC AG in a research note on Tuesday, May 30th. Citigroup Inc. restated a “buy” rating on shares of Coca Cola HBC AG in a research note on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,200 ($28.65) target price on shares of Coca Cola HBC AG in a research note on Friday, May 12th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,500 ($32.56) target price on shares of Coca Cola HBC AG in a research note on Monday, May 22nd. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 2,071 ($26.97) target price on shares of Coca Cola HBC AG in a research note on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Coca Cola HBC AG presently has a consensus rating of “Hold” and an average price target of GBX 2,198.73 ($28.63).
Coca Cola HBC AG (CCH) opened at 2616.00 on Friday. Coca Cola HBC AG has a 52-week low of GBX 1,572.00 and a 52-week high of GBX 2,656.00. The firm has a 50-day moving average price of GBX 2,293.43 and a 200-day moving average price of GBX 2,125.79. The company’s market cap is GBX 9.50 billion.
In other news, insider JAN GUSTAVSSON acquired 104 shares of Coca Cola HBC AG stock in a transaction dated Monday, July 17th. The shares were purchased at an average cost of GBX 2,240 ($29.17) per share, for a total transaction of £2,329.60 ($3,033.73). Also, insider Dimitris Lois acquired 33 shares of Coca Cola HBC AG stock in a transaction dated Friday, June 16th. The shares were purchased at an average price of GBX 2,329 ($30.33) per share, for a total transaction of £768.57 ($1,000.87). Insiders have bought a total of 204 shares of company stock worth $458,844 over the last quarter.
Coca Cola HBC AG Company Profile
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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