Shore Capital Reaffirms “Hold” Rating for Coca-Cola HBC (CCH)

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

CCH has been the topic of a number of other research reports. J P Morgan Chase & Co lowered Coca-Cola HBC to a neutral rating and dropped their price objective for the stock from GBX 2,800 ($37.69) to GBX 2,600 ($34.99) in a report on Monday, November 13th. Credit Suisse Group boosted their target price on Coca-Cola HBC from GBX 2,400 ($32.30) to GBX 2,820 ($37.95) and gave the stock an outperform rating in a research report on Friday, August 11th. Deutsche Bank boosted their target price on Coca-Cola HBC from GBX 1,950 ($26.24) to GBX 2,400 ($32.30) and gave the stock a hold rating in a research report on Tuesday, August 22nd. Jefferies Group downgraded Coca-Cola HBC to a hold rating and boosted their target price for the stock from GBX 2,200 ($29.61) to GBX 2,700 ($36.34) in a research report on Wednesday, October 11th. Finally, Barclays reiterated an underweight rating on shares of Coca-Cola HBC in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,458.55 ($33.09).

Coca-Cola HBC (LON CCH) opened at GBX 2,319.94 ($31.22) on Thursday. Coca-Cola HBC has a twelve month low of GBX 1,602 ($21.56) and a twelve month high of GBX 2,682 ($36.10).

In related news, insider Michalis Imellos acquired 42 shares of Coca-Cola HBC stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of GBX 2,573 ($34.63) per share, for a total transaction of £1,080.66 ($1,454.45). Insiders bought 130 shares of company stock worth $331,141 over the last 90 days.

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Coca-Cola HBC 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 (LON:CCH)

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