Coca Cola HBC AG (CCH) Lowered to “Neutral” at J P Morgan Chase & Co
J P Morgan Chase & Co downgraded shares of Coca Cola HBC AG (LON:CCH) to a neutral rating in a research note published on Monday, Marketbeat.com reports. The brokerage currently has GBX 2,600 ($34.20) price target on the stock, down from their previous price target of GBX 2,800 ($36.83).
A number of other analysts have also weighed in on the company. Credit Suisse Group upped their target price on Coca Cola HBC AG from GBX 2,400 ($31.57) to GBX 2,820 ($37.09) and gave the stock an outperform rating in a report on Friday, August 11th. BNP Paribas restated an outperform rating and set a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. Jefferies Group LLC lowered Coca Cola HBC AG to a hold rating and upped their target price for the stock from GBX 2,200 ($28.94) to GBX 2,700 ($35.51) in a report on Wednesday, October 11th. Deutsche Bank AG upped their target price on Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the stock a hold rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley upgraded Coca Cola HBC AG to an equal weight rating and upped their target price for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a report on Friday, September 22nd. 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 stock. Coca Cola HBC AG has an average rating of Hold and a consensus target price of GBX 2,476.73 ($32.58).
Coca Cola HBC AG (LON CCH) opened at GBX 2,457 ($32.32) on Monday. Coca Cola HBC AG has a 52 week low of GBX 1,602 ($21.07) and a 52 week high of GBX 2,682 ($35.28).
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In other Coca Cola HBC AG news, insider Michalis Imellos acquired 42 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average price of GBX 2,573 ($33.84) per share, for a total transaction of £1,080.66 ($1,421.36).
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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