Coca Cola HBC AG’s (CCH) “Hold” Rating Reaffirmed at Shore Capital

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

Several other research analysts have also issued reports on the company. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 2,800 ($36.83) price objective on shares of Coca Cola HBC AG in a research note on Monday, October 9th. Credit Suisse Group increased their price objective on Coca Cola HBC AG from GBX 2,400 ($31.57) to GBX 2,820 ($37.09) and gave the stock an outperform rating in a research note on Friday, August 11th. BNP Paribas reiterated an outperform rating and set a GBX 2,700 ($35.51) price objective on shares of Coca Cola HBC AG in a research note on Wednesday, July 19th. Jefferies Group LLC lowered Coca Cola HBC AG to a hold rating and increased their price objective for the stock from GBX 2,200 ($28.94) to GBX 2,700 ($35.51) in a research note on Wednesday, October 11th. Finally, Deutsche Bank AG increased their price objective on Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the stock a hold rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Coca Cola HBC AG presently has a consensus rating of Hold and a consensus target price of GBX 2,494.91 ($32.81).

Coca Cola HBC AG (LON:CCH) traded down GBX 8.10 ($0.11) during trading on Thursday, reaching GBX 2,584.90 ($34.00). The company’s stock had a trading volume of 441,424 shares, compared to its average volume of 555,213. Coca Cola HBC AG has a 1 year low of GBX 1,602 ($21.07) and a 1 year high of GBX 2,682 ($35.28).

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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 bought at an average cost of GBX 2,591 ($34.08) per share, for a total transaction of £1,114.13 ($1,465.38). Over the last 90 days, insiders bought 128 shares of company stock valued at $331,494.

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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