Coca Cola HBC (CCH) Raised to Buy at Deutsche Bank

Coca Cola HBC (LON:CCH) was upgraded by equities researchers at Deutsche Bank to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 2,850 ($38.65) price target on the stock, up from their prior price target of GBX 2,400 ($32.55). Deutsche Bank’s target price indicates a potential upside of 18.45% from the company’s current price.

CCH has been the topic of several other reports. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC in a report on Thursday, November 9th. Jefferies Group reissued a “hold” rating and issued a GBX 2,700 ($36.62) target price on shares of Coca Cola HBC in a report on Friday, November 10th. JPMorgan Chase & Co. decreased their target price on shares of Coca Cola HBC from GBX 2,600 ($35.26) to GBX 2,400 ($32.55) and set a “neutral” rating on the stock in a report on Wednesday, December 6th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,820 ($38.24) target price on shares of Coca Cola HBC in a report on Friday, October 6th. Finally, Societe Generale reissued a “hold” rating and issued a GBX 2,758 ($37.40) target price on shares of Coca Cola HBC in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,499.45 ($33.90).

Coca Cola HBC (LON CCH) opened at GBX 2,406 ($32.63) on Thursday. Coca Cola HBC has a 1-year low of GBX 1,778 ($24.11) and a 1-year high of GBX 2,682 ($36.37). The company has a market cap of $8,670.00 and a PE ratio of 2,506.25.

In related news, insider Michalis Imellos purchased 45 shares of Coca Cola HBC stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of GBX 2,468 ($33.47) per share, for a total transaction of £1,110.60 ($1,506.10). Also, insider JAN GUSTAVSSON purchased 100 shares of Coca Cola HBC stock in a transaction dated Monday, December 18th. The stock was bought at an average price of GBX 2,347 ($31.83) per share, for a total transaction of £2,347 ($3,182.80).

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About Coca Cola HBC

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.

Analyst Recommendations for Coca Cola HBC (LON:CCH)

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