Shares of Coca-Cola HBC AG (LON:CCH) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,546.90 ($33.50).
CCH has been the subject of a number of recent analyst reports. Citigroup Inc. reissued a “buy” rating and issued a GBX 2,900 ($38.14) target price on shares of Coca-Cola HBC AG in a research report on Friday, August 11th. Morgan Stanley raised Coca-Cola HBC AG to an “equal weight” rating and boosted their target price for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a research report on Friday, September 22nd. Societe Generale reissued a “hold” rating and issued a GBX 2,758 ($36.28) target price on shares of Coca-Cola HBC AG in a research report on Friday, November 10th. Shore Capital reissued a “hold” rating on shares of Coca-Cola HBC AG in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 2,700 ($35.51) target price on shares of Coca-Cola HBC AG in a research report on Friday, November 10th.
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In other news, insider Michalis Imellos purchased 43 shares of the business’s stock in a transaction on Monday, October 16th. The stock was acquired at an average cost of GBX 2,605 ($34.26) per share, for a total transaction of £1,120.15 ($1,473.30).
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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