Jefferies Group initiated coverage on shares of Coca Cola HBC AG (LON:CCH) in a research report report published on Tuesday morning. The brokerage issued a buy rating and a GBX 2,000 ($24.75) price target on the stock.
A number of other analysts also recently weighed in on CCH. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 1,500 ($18.56) target price on shares of Coca Cola HBC AG in a research report on Monday, June 27th. Deutsche Bank AG increased their target price on shares of Coca Cola HBC AG from GBX 1,500 ($18.56) to GBX 1,600 ($19.80) and gave the company a hold rating in a research report on Wednesday, July 6th. Citigroup Inc. restated a buy rating on shares of Coca Cola HBC AG in a report on Thursday, July 7th. Barclays PLC increased their price target on Coca Cola HBC AG from GBX 1,300 ($16.09) to GBX 1,400 ($17.33) and gave the stock an underweight rating in a report on Friday, July 8th. Finally, Credit Suisse Group AG increased their price target on Coca Cola HBC AG from GBX 1,500 ($18.56) to GBX 1,600 ($19.80) and gave the stock a neutral rating in a report on Friday, July 8th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,633 ($20.21).
Shares of Coca Cola HBC AG (LON:CCH) traded down 0.33% on Tuesday, hitting GBX 1820.00. 163,505 shares of the stock traded hands. Coca Cola HBC AG has a 1-year low of GBX 1,250.00 and a 1-year high of GBX 1,889.00. The stock has a 50 day moving average of GBX 1,716.65 and a 200-day moving average of GBX 1,529.82. The stock’s market cap is GBX 6.64 billion.
In related news, insider Lois ,Dimitris purchased 935 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average cost of GBX 1,582 ($19.58) per share, with a total value of £14,791.70 ($18,306.56).
About Coca Cola HBC AG
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.
Receive News & Ratings for Coca Cola HBC AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC AG and related companies with MarketBeat.com's FREE daily email newsletter.