Coca Cola HBC AG (CCH) Receives Consensus Rating of “Buy” from Analysts

Coca Cola HBC AG (LON:CCH) has earned an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,738 ($35.78).

A number of research analysts have commented on CCH shares. Credit Suisse Group restated an “outperform” rating on shares of Coca Cola HBC in a research note on Thursday, August 23rd. Deutsche Bank restated a “buy” rating on shares of Coca Cola HBC in a research note on Tuesday, July 10th. Shore Capital reiterated a “hold” rating on shares of Coca Cola HBC in a research note on Thursday, August 9th. Finally, Jefferies Financial Group upgraded Coca Cola HBC to a “buy” rating and boosted their price target for the stock from GBX 2,660 ($34.76) to GBX 3,000 ($39.20) in a research note on Wednesday, July 11th.

In other Coca Cola HBC news, insider JAN GUSTAVSSON purchased 94 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were acquired at an average price of GBX 2,634 ($34.42) per share, for a total transaction of £2,475.96 ($3,235.28). Also, insider Zoran Bogdanovic purchased 155 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was acquired at an average price of GBX 2,570 ($33.58) per share, for a total transaction of £3,983.50 ($5,205.15).

Shares of CCH traded down GBX 30 ($0.39) during midday trading on Wednesday, reaching GBX 2,366 ($30.92). 1,314,839 shares of the company were exchanged, compared to its average volume of 875,987. Coca Cola HBC has a 1-year low of GBX 1,969 ($25.73) and a 1-year high of GBX 2,682 ($35.05).

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, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, 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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