Coca-Cola HBC (LON:CCH) had its target price decreased by J P Morgan Chase & Co from GBX 2,600 ($34.99) to GBX 2,400 ($32.30) in a research note released on Wednesday morning. J P Morgan Chase & Co currently has a neutral rating on the stock.
Several other equities analysts also recently issued reports on CCH. Shore Capital reaffirmed a hold rating on shares of Coca-Cola HBC in a research note on Thursday, August 10th. Barclays reaffirmed an underweight rating on shares of Coca-Cola HBC in a research note on Friday, August 11th. Citigroup reaffirmed a buy rating and set a GBX 2,900 ($39.03) price target on shares of Coca-Cola HBC in a research note on Friday, August 11th. Credit Suisse Group raised their price target on shares of Coca-Cola HBC from GBX 2,400 ($32.30) to GBX 2,820 ($37.95) and gave the company an outperform rating in a research note on Friday, August 11th. Finally, Deutsche Bank raised their price target on shares of Coca-Cola HBC from GBX 1,950 ($26.24) to GBX 2,400 ($32.30) and gave the company a hold rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 2,458.55 ($33.09).
Coca-Cola HBC (LON CCH) traded down GBX 7 ($0.09) during mid-day trading on Wednesday, hitting GBX 2,325 ($31.29). 824,223 shares of the stock traded hands, compared to its average volume of 677,524. Coca-Cola HBC has a 12-month low of GBX 1,602 ($21.56) and a 12-month high of GBX 2,682 ($36.10).
In other news, insider Michalis Imellos bought 45 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of GBX 2,468 ($33.22) per share, with a total value of £1,110.60 ($1,494.75). Insiders have purchased 130 shares of company stock valued at $331,141 in the last three months.
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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.
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