Coca Cola HBC AG (LON:CCH) had its price objective boosted by equities research analysts at Jefferies Group from GBX 2,000 ($24.75) to GBX 2,100 ($25.99) in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 15.26% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of Coca Cola HBC AG in a research note on Thursday, July 7th. Societe Generale lifted their target price on shares of Coca Cola HBC AG from GBX 1,890 ($23.39) to GBX 2,000 ($24.75) and gave the stock a “buy” rating in a research note on Friday, August 12th. Numis Securities Ltd cut shares of Coca Cola HBC AG to a “hold” rating and lifted their target price for the stock from GBX 1,542 ($19.08) to GBX 1,665 ($20.61) in a research note on Monday, August 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,600 ($19.80) target price on shares of Coca Cola HBC AG in a research note on Friday, August 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,500 ($18.56) price target on shares of Coca Cola HBC AG in a report on Tuesday, July 5th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,641.33 ($20.31).
Coca Cola HBC AG (LON:CCH) opened at 1818.00 on Monday. Coca Cola HBC AG has a one year low of GBX 1,250.00 and a one year high of GBX 1,889.00. The firm’s 50-day moving average is GBX 1,727.00 and its 200 day moving average is GBX 1,535.80. The company’s market capitalization is GBX 6.63 billion.
In related news, insider Lois ,Dimitris acquired 377 shares of Coca Cola HBC AG stock in a transaction that occurred on Friday, September 16th. The shares were purchased at an average cost of GBX 1,692 ($20.94) per share, for a total transaction of £6,378.84 ($7,894.60).
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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