Other analysts also recently issued reports about the company. Citigroup Inc. restated a buy rating and issued a GBX 2,900 ($38.14) price objective on shares of Coca Cola HBC AG in a report on Friday, August 11th. Morgan Stanley upgraded Coca Cola HBC AG to an equal weight rating and lifted their price objective for the company from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a report on Friday, September 22nd. Shore Capital restated a hold rating on shares of Coca Cola HBC AG in a report on Thursday, November 9th. Deutsche Bank AG lifted their price objective on Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the company a hold rating in a report on Tuesday, August 22nd. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 2,820 ($37.09) price objective on shares of Coca Cola HBC AG in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 2,476.73 ($32.58).
Shares of Coca Cola HBC AG (LON:CCH) opened at GBX 2,469 ($32.47) on Friday. Coca Cola HBC AG has a fifty-two week low of GBX 1,602 ($21.07) and a fifty-two week high of GBX 2,682 ($35.28).
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In related news, insider Michalis Imellos bought 43 shares of the business’s stock in a transaction on Monday, October 16th. The shares were bought at an average price of GBX 2,605 ($34.26) per share, for a total transaction of £1,120.15 ($1,473.30). Insiders acquired 128 shares of company stock worth $331,494 in the last quarter.
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.
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