Coca Cola HBC AG (CCH) Downgraded by J P Morgan Chase & Co

J P Morgan Chase & Co cut shares of Coca Cola HBC AG (LON:CCH) to a neutral rating in a report published on Monday morning, MarketBeat reports. J P Morgan Chase & Co currently has GBX 2,600 ($34.20) price objective on the stock, down from their prior price objective of GBX 2,800 ($36.83).

CCH has been the topic of several other research reports. Societe Generale restated a hold rating and issued a GBX 2,758 ($36.28) target price on shares of Coca Cola HBC AG in a report on Friday, November 10th. Jefferies Group LLC restated a hold rating and issued a GBX 2,700 ($35.51) target price on shares of Coca Cola HBC AG in a report on Friday, November 10th. Shore Capital restated a hold rating on shares of Coca Cola HBC AG in a report on Thursday, November 9th. Credit Suisse Group restated an outperform rating and issued a GBX 2,820 ($37.09) target price on shares of Coca Cola HBC AG in a report on Friday, October 6th. Finally, Morgan Stanley upgraded shares of Coca Cola HBC AG to an equal weight rating and raised their target price for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 2,476.73 ($32.58).

Coca Cola HBC AG (LON CCH) opened at GBX 2,469 ($32.47) on Monday. 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 related news, insider Michalis Imellos purchased 43 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average price of GBX 2,605 ($34.26) per share, for a total transaction of £1,120.15 ($1,473.30).

About Coca Cola HBC AG

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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