Analysts Set Coca Cola HBC AG (CCH) Target Price at $2,526.90

Shares of Coca Cola HBC AG (LON:CCH) have earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 2,526.90 ($34.27).

Several equities analysts recently issued reports on the stock. Morgan Stanley raised shares of Coca Cola HBC to an “equal weight” rating and lifted their price target for the company from GBX 1,800 ($24.41) to GBX 2,400 ($32.55) in a report on Friday, September 22nd. Shore Capital reissued a “hold” rating on shares of Coca Cola HBC in a report on Thursday, November 9th. Credit Suisse Group reissued an “outperform” rating and set a GBX 2,820 ($38.24) price target on shares of Coca Cola HBC in a report on Friday, October 6th. JPMorgan Chase & Co. cut their price target on shares of Coca Cola HBC from GBX 2,600 ($35.26) to GBX 2,400 ($32.55) and set a “neutral” rating for the company in a report on Wednesday, December 6th. Finally, Jefferies Group downgraded shares of Coca Cola HBC to a “hold” rating and lifted their price target for the company from GBX 2,200 ($29.83) to GBX 2,700 ($36.62) in a report on Wednesday, October 11th.

Shares of Coca Cola HBC (LON:CCH) traded up GBX 20 ($0.27) during mid-day trading on Monday, reaching GBX 2,401 ($32.56). 448,658 shares of the company traded hands, compared to its average volume of 533,594. Coca Cola HBC has a 12-month low of GBX 1,772 ($24.03) and a 12-month high of GBX 2,682 ($36.37). The company has a market cap of $8,850.00 and a P/E ratio of 2,501.04.

In other Coca Cola HBC news, insider Michalis Imellos purchased 45 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average cost of GBX 2,468 ($33.47) per share, with a total value of £1,110.60 ($1,506.10). Also, insider JAN GUSTAVSSON purchased 100 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of GBX 2,347 ($31.83) per share, with a total value of £2,347 ($3,182.80). Over the last ninety days, insiders acquired 188 shares of company stock valued at $457,775.

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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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