Coca Cola HBC (LON:CCH)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, February 19th. They currently have a GBX 2,400 ($33.16) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 5.06% from the company’s previous close.
Other analysts also recently issued research reports about the company. Deutsche Bank restated a “buy” rating and issued a GBX 2,850 ($39.38) price target on shares of Coca Cola HBC in a research note on Friday, February 16th. Shore Capital reiterated a “hold” rating on shares of Coca Cola HBC in a research note on Thursday, December 7th. Societe Generale reiterated a “hold” rating and set a GBX 2,758 ($38.10) target price on shares of Coca Cola HBC in a research note on Friday, November 10th. Jefferies Group reiterated a “hold” rating and set a GBX 2,700 ($37.30) target price on shares of Coca Cola HBC in a research note on Friday, November 10th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a GBX 2,600 ($35.92) target price on shares of Coca Cola HBC in a research note on Wednesday, February 7th. One investment 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,532.18 ($34.98).
Coca Cola HBC (LON CCH) traded up GBX 8 ($0.11) during trading on Monday, hitting GBX 2,528 ($34.93). The company had a trading volume of 681,216 shares, compared to its average volume of 878,321. The stock has a market cap of $9,280.00 and a P/E ratio of 2,430.77. Coca Cola HBC has a 52 week low of GBX 1,955 ($27.01) and a 52 week high of GBX 2,682 ($37.05).
In related news, insider JAN GUSTAVSSON bought 100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average cost of GBX 2,347 ($32.43) per share, with a total value of £2,347 ($3,242.61). Also, insider Anastasios I. Leventis sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 2,467 ($34.08), for a total value of £2,467,000 ($3,408,400.11). Over the last ninety days, insiders purchased 1,147 shares of company stock worth $2,812,333.
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About Coca Cola HBC
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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