Coca Cola HBC AG (CCH) Stock Rating Reaffirmed by J P Morgan Chase & Co
Coca Cola HBC AG (LON:CCH)‘s stock had its “overweight” rating restated by stock analysts at J P Morgan Chase & Co in a research report issued on Friday. They currently have a GBX 2,800 ($36.83) target price on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 8.32% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on CCH. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a research report on Friday. Shore Capital reaffirmed a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday. Barclays PLC reaffirmed an “underweight” rating on shares of Coca Cola HBC AG in a research report on Friday, August 11th. 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 research report on Friday, August 11th. Finally, Morgan Stanley upgraded Coca Cola HBC AG to an “equal weight” rating and upped their price target for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,494.91 ($32.81).
Shares of Coca Cola HBC AG (LON:CCH) opened at GBX 2,584.90 ($34.00) on Friday. Coca Cola HBC AG has a 12-month low of GBX 1,602 ($21.07) and a 12-month high of GBX 2,682 ($35.28).
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In other news, insider Michalis Imellos bought 42 shares of the business’s 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). Insiders purchased 128 shares of company stock valued at $331,494 over the last 90 days.
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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