Shore Capital Reaffirms Hold Rating for Coca Cola HBC AG (CCH)

Shore Capital restated their hold rating on shares of Coca Cola HBC AG (LON:CCH) in a research note released on Thursday morning.

Several other research firms also recently issued reports on CCH. Barclays PLC restated an underweight rating and set a GBX 1,775 ($23.11) price objective on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. BNP Paribas restated an outperform rating and set a GBX 2,700 ($35.16) price objective on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,500 ($32.56) price objective on shares of Coca Cola HBC AG in a report on Friday, July 7th. Numis Securities Ltd restated a hold rating and set a GBX 2,071 ($26.97) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th. Finally, Jefferies Group LLC restated a buy rating and set a GBX 2,200 ($28.65) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 2,287.33 ($29.79).

Shares of Coca Cola HBC AG (CCH) opened at 2592.00 on Thursday. Coca Cola HBC AG has a 52 week low of GBX 1,602.00 and a 52 week high of GBX 2,656.00. The company’s market capitalization is GBX 9.43 billion. The stock has a 50 day moving average of GBX 2,296.08 and a 200-day moving average of GBX 2,131.30.

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The firm also recently declared a dividend, which was paid on Tuesday, July 25th. Investors of record on Thursday, June 29th were issued a €0.44 ($0.52) dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a yield of 1.71%.

In other Coca Cola HBC AG news, insider JAN GUSTAVSSON purchased 104 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were bought at an average price of GBX 2,240 ($29.17) per share, for a total transaction of £2,329.60 ($3,033.73). Also, insider SANDA PAREZANOVIC purchased 33 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of GBX 2,205 ($28.71) per share, for a total transaction of £727.65 ($947.58). In the last quarter, insiders purchased 204 shares of company stock worth $458,844.

Coca Cola HBC AG Company Profile

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 AG (LON:CCH)

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