Jefferies Group LLC lowered shares of Coca Cola HBC AG (LON:CCH) to a hold rating in a research report report published on Wednesday. The firm currently has GBX 2,700 ($35.50) price target on the stock, up from their previous price target of GBX 2,200 ($28.92).
Several other analysts have also recently weighed in on the company. Citigroup Inc. reaffirmed a buy rating and set a GBX 2,900 ($38.13) price objective on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Morgan Stanley raised Coca Cola HBC AG to an equal weight rating and lifted their price objective for the company from GBX 1,800 ($23.67) to GBX 2,400 ($31.55) in a research report on Friday, September 22nd. Deutsche Bank AG lifted their price objective on Coca Cola HBC AG from GBX 1,950 ($25.64) to GBX 2,400 ($31.55) and gave the company a hold rating in a research report on Tuesday, August 22nd. Shore Capital reaffirmed a hold rating on shares of Coca Cola HBC AG in a research report on Thursday, August 10th. Finally, BNP Paribas reaffirmed an outperform rating and set a GBX 2,700 ($35.50) price objective on shares of Coca Cola HBC AG in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Coca Cola HBC AG has a consensus rating of Hold and a consensus target price of GBX 2,380.55 ($31.30).
Shares of Coca Cola HBC AG (LON CCH) opened at 2600.00 on Wednesday. The company’s market cap is GBX 9.46 billion. Coca Cola HBC AG has a 12 month low of GBX 1,602.00 and a 12 month high of GBX 2,682.00. The company’s 50 day moving average price is GBX 2,585.59 and its 200 day moving average price is GBX 2,341.27.
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In other Coca Cola HBC AG news, insider Michalis Imellos bought 43 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of GBX 2,591 ($34.07) per share, for a total transaction of £1,114.13 ($1,464.80). Also, insider JAN GUSTAVSSON bought 104 shares of the stock in a transaction dated Monday, July 17th. The shares were acquired at an average price of GBX 2,240 ($29.45) per share, with a total value of £2,329.60 ($3,062.85). Insiders have bought 223 shares of company stock valued at $528,701 over the last quarter.
About Coca Cola HBC AG
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.
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