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

Shore Capital reaffirmed their hold rating on shares of Coca Cola HBC (LON:CCH) in a research report sent to investors on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Citigroup dropped their target price on Coca Cola HBC from GBX 2,900 ($37.54) to GBX 2,800 ($36.25) and set a buy rating on the stock in a research report on Wednesday, May 9th. Jefferies Financial Group reaffirmed a buy rating on shares of Coca Cola HBC in a report on Monday, August 6th. Deutsche Bank reaffirmed a buy rating on shares of Coca Cola HBC in a report on Tuesday, July 10th. Societe Generale raised shares of Coca Cola HBC to a buy rating and upped their price target for the stock from GBX 2,758 ($35.70) to GBX 2,940 ($38.06) in a report on Thursday, June 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca Cola HBC from GBX 2,400 ($31.07) to GBX 2,500 ($32.36) and gave the stock a neutral rating in a report on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 2,723.75 ($35.26).

LON:CCH opened at GBX 2,644 ($34.23) on Thursday. Coca Cola HBC has a 1 year low of GBX 1,969 ($25.49) and a 1 year high of GBX 2,682 ($34.72).

In other news, insider Michalis Imellos bought 41 shares of Coca Cola HBC stock in a transaction that occurred on Tuesday, July 17th. The shares were acquired at an average price of GBX 2,753 ($35.64) per share, with a total value of £1,128.73 ($1,461.14). Also, insider JAN GUSTAVSSON sold 90,000 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of GBX 2,521 ($32.63), for a total value of £2,268,900 ($2,937,087.38). In the last ninety days, insiders bought 128 shares of company stock worth $340,495.

About Coca Cola HBC

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

Further Reading: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Coca Cola HBC (LON:CCH)

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