Coca Cola HBC AG (CCH) Receives Average Rating of “Hold” from Brokerages

Coca Cola HBC AG (LON:CCH) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 2,061.60 ($26.85).

A number of research analysts recently weighed in on the company. BNP Paribas reaffirmed an “outperform” rating and set a GBX 2,700 ($35.16) price objective on shares of Coca Cola HBC AG in a report on Wednesday, July 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,500 ($32.56) price objective on shares of Coca Cola HBC AG in a report on Friday, July 7th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 1,775 ($23.11) price objective on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. Citigroup Inc. reaffirmed a “buy” rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 2,071 ($26.97) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th.

Shares of Coca Cola HBC AG (LON:CCH) traded up 1.79% on Monday, hitting GBX 2390.00. The stock had a trading volume of 698,503 shares. The stock’s market cap is GBX 8.68 billion. The firm has a 50 day moving average of GBX 2,285.16 and a 200 day moving average of GBX 2,114.47. Coca Cola HBC AG has a 12 month low of GBX 1,564.00 and a 12 month high of GBX 2,416.00.

The company also recently announced a dividend, which was paid on Tuesday, July 25th. Shareholders of record on Thursday, June 29th were issued a €0.44 ($0.52) dividend. This represents a yield of 1.71%. The ex-dividend date was Thursday, June 29th.

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In related news, insider Dimitris Lois acquired 33 shares of Coca Cola HBC AG stock in a transaction dated Friday, June 16th. The shares were acquired at an average cost of GBX 2,329 ($30.33) per share, for a total transaction of £768.57 ($1,000.87). Also, insider JAN GUSTAVSSON acquired 104 shares of Coca Cola HBC AG stock in a transaction dated Monday, July 17th. The stock was bought at an average price of GBX 2,240 ($29.17) per share, for a total transaction of £2,329.60 ($3,033.73). Insiders bought 204 shares of company stock worth $458,844 over the last 90 days.

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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