Barclays PLC reaffirmed their underweight rating on shares of Coca Cola HBC AG (LON:CCH) in a report published on Friday morning. Barclays PLC currently has a GBX 1,575 ($19.49) price target on the stock.
A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 1,500 ($18.56) price objective on shares of Coca Cola HBC AG in a research note on Monday, June 27th. Credit Suisse Group AG raised shares of Coca Cola HBC AG to an outperform rating and upped their price objective for the company from GBX 1,600 ($19.80) to GBX 1,950 ($24.13) in a research note on Thursday, September 15th. Numis Securities Ltd lowered shares of Coca Cola HBC AG to a hold rating and upped their price objective for the company from GBX 1,542 ($19.08) to GBX 1,665 ($20.61) in a research note on Monday, August 15th. Societe Generale upped their price objective on shares of Coca Cola HBC AG from GBX 1,890 ($23.39) to GBX 2,000 ($24.75) and gave the company a buy rating in a research note on Friday, August 12th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Coca Cola HBC AG in a research note on Tuesday, October 4th. Four research 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. Coca Cola HBC AG has a consensus rating of Hold and a consensus target price of GBX 1,633 ($20.21).
Coca Cola HBC AG (LON:CCH) opened at 1804.00 on Friday. The stock’s 50 day moving average is GBX 1,719.84 and its 200-day moving average is GBX 1,531.78. Coca Cola HBC AG has a 12 month low of GBX 1,250.00 and a 12 month high of GBX 1,889.00. The company’s market capitalization is GBX 6.58 billion.
In other news, insider Lois ,Dimitris bought 403 shares of the stock in a transaction dated Wednesday, July 20th. The stock was bought at an average price of GBX 1,579 ($19.54) per share, for a total transaction of £6,363.37 ($7,875.46).
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.
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