Coca Cola HBC AG (CCH) Receives GBX 2,738 Average Target Price from Brokerages
Shares of Coca Cola HBC AG (LON:CCH) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,738 ($35.78).
A number of equities research analysts recently weighed in on CCH shares. Deutsche Bank lowered their price target on Coca Cola HBC from GBX 2,900 ($37.89) to GBX 2,850 ($37.24) and set a “buy” rating on the stock in a report on Tuesday. Jefferies Financial Group restated a “buy” rating on shares of Coca Cola HBC in a report on Monday, August 6th. Shore Capital reaffirmed a “hold” rating on shares of Coca Cola HBC in a research note on Thursday, August 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Coca Cola HBC in a research note on Thursday, August 23rd.
In related news, insider Zoran Bogdanovic bought 155 shares of Coca Cola HBC stock in a transaction that occurred on Monday, September 17th. The shares were purchased at an average price of GBX 2,570 ($33.58) per share, with a total value of £3,983.50 ($5,205.15). Also, insider JAN GUSTAVSSON purchased 94 shares of Coca Cola HBC stock in a transaction on Friday, August 17th. The shares were acquired at an average cost of GBX 2,634 ($34.42) per share, for a total transaction of £2,475.96 ($3,235.28). In the last ninety days, insiders purchased 290 shares of company stock worth $758,819.
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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