J P Morgan Chase & Co cut shares of Coca Cola HBC AG (LON:CCH) to a neutral rating in a research report sent to investors on Monday. J P Morgan Chase & Co currently has GBX 2,600 ($34.20) price target on the stock, down from their previous price target of GBX 2,800 ($36.83).
Other equities research analysts have also recently issued research reports about the stock. Societe Generale restated a hold rating and issued a GBX 2,758 ($36.28) target price on shares of Coca Cola HBC AG in a report on Friday. Jefferies Group LLC restated a hold rating and issued a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a report on Friday. Citigroup Inc. restated a buy rating and issued a GBX 2,900 ($38.14) target price on shares of Coca Cola HBC AG in a report on Friday, August 11th. BNP Paribas restated an outperform rating and issued a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. Finally, Shore Capital restated a hold rating on shares of Coca Cola HBC AG in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Coca Cola HBC AG currently has a consensus rating of Hold and an average target price of GBX 2,476.73 ($32.58).
Shares of Coca Cola HBC AG (CCH) traded up GBX 15 ($0.20) during mid-day trading on Monday, reaching GBX 2,485 ($32.68). 625,420 shares of the company traded hands, compared to its average volume of 554,416. Coca Cola HBC AG has a 52 week low of GBX 1,602 ($21.07) and a 52 week high of GBX 2,682 ($35.28).
In other Coca Cola HBC AG news, insider Michalis Imellos purchased 43 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were acquired at an average cost of GBX 2,605 ($34.26) per share, for a total transaction of £1,120.15 ($1,473.30). Insiders acquired 128 shares of company stock worth $331,494 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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