Coca Cola HBC (LON:CCH) Price Target Cut to GBX 2,900

Coca Cola HBC (LON:CCH) had its target price lowered by Jefferies Financial Group from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) in a report published on Wednesday, Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages also recently commented on CCH. Liberum Capital began coverage on shares of Coca Cola HBC in a report on Tuesday, September 24th. They issued a buy rating and a GBX 3,335 ($43.58) price target for the company. Shore Capital reissued an under review rating on shares of Coca Cola HBC in a research note on Thursday, August 8th. Barclays reissued an overweight rating and issued a GBX 3,300 ($43.12) price objective on shares of Coca Cola HBC in a research note on Tuesday. Deutsche Bank reissued a buy rating on shares of Coca Cola HBC in a research note on Friday, August 9th. Finally, UBS Group reissued a buy rating on shares of Coca Cola HBC in a research note on Monday, August 19th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of GBX 3,097.50 ($40.47).

Shares of LON:CCH opened at GBX 2,539 ($33.18) on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.78 and a debt-to-equity ratio of 120.05. Coca Cola HBC has a 12 month low of GBX 2,224 ($29.06) and a 12 month high of GBX 3,094 ($40.43). The company has a 50-day moving average price of GBX 2,659.22 and a 200 day moving average price of GBX 2,746.62. The company has a market cap of $9.23 billion and a price-to-earnings ratio of 17.72.

In other news, insider Zoran Bogdanovic acquired 153 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was acquired at an average price of GBX 2,742 ($35.83) per share, with a total value of £4,195.26 ($5,481.85). In the last three months, insiders acquired 466 shares of company stock valued at $1,259,659.

Coca Cola HBC Company Profile

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.

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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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