Coca Cola HBC AG (CCH) Earns Hold Rating from Societe Generale

Societe Generale reissued their hold rating on shares of Coca Cola HBC AG (LON:CCH) in a report released on Friday morning. They currently have a GBX 2,758 ($36.28) target price on the stock.

A number of other brokerages have also recently issued reports on CCH. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,800 ($36.83) price objective on shares of Coca Cola HBC AG in a report on Friday. Jefferies Group LLC restated a hold rating and set a GBX 2,700 ($35.51) price objective on shares of Coca Cola HBC AG in a report on Friday. Credit Suisse Group boosted their price objective on shares of Coca Cola HBC AG from GBX 2,400 ($31.57) to GBX 2,820 ($37.09) and gave the company an outperform rating in a report on Friday, August 11th. Barclays PLC restated an underweight rating on shares of Coca Cola HBC AG in a report on Friday, August 11th. Finally, Citigroup Inc. restated a buy rating and set a GBX 2,900 ($38.14) price objective on shares of Coca Cola HBC AG in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 2,476.73 ($32.58).

Shares of Coca Cola HBC AG (LON:CCH) traded down GBX 115 ($1.51) during midday trading on Friday, reaching GBX 2,470 ($32.49). 1,347,768 shares of the company were exchanged, compared to its average volume of 555,213. Coca Cola HBC AG has a 52-week low of GBX 1,602 ($21.07) and a 52-week high of GBX 2,682 ($35.28).

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In other Coca Cola HBC AG news, insider Michalis Imellos acquired 42 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 2,573 ($33.84) per share, with a total value of £1,080.66 ($1,421.36). In the last three months, insiders bought 128 shares of company stock worth $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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