Shore Capital Reaffirms Hold Rating for Coca Cola HBC (CCH)

Shore Capital restated their hold rating on shares of Coca Cola HBC (LON:CCH) in a research note issued to investors on Thursday morning.

A number of other brokerages also recently weighed in on CCH. Jefferies Financial Group restated a buy rating on shares of Coca Cola HBC in a research note on Monday, August 6th. Deutsche Bank restated a buy rating on shares of Coca Cola HBC in a research note on Tuesday, July 10th. Societe Generale upgraded Coca Cola HBC to a buy rating and boosted their target price for the stock from GBX 2,758 ($35.70) to GBX 2,940 ($38.06) in a research note on Thursday, June 7th. JPMorgan Chase & Co. boosted their target price on Coca Cola HBC from GBX 2,400 ($31.07) to GBX 2,500 ($32.36) and gave the stock a neutral rating in a research note on Friday, May 11th. Finally, Citigroup cut their target price on Coca Cola HBC from GBX 2,900 ($37.54) to GBX 2,800 ($36.25) and set a buy rating on the stock in a research note on Wednesday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,723.75 ($35.26).

Shares of LON CCH opened at GBX 2,644 ($34.23) on Thursday. Coca Cola HBC has a twelve month low of GBX 1,969 ($25.49) and a twelve month high of GBX 2,682 ($34.72).

In other news, insider Michalis Imellos acquired 43 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were acquired at an average price of GBX 2,586 ($33.48) per share, for a total transaction of £1,111.98 ($1,439.46). Also, insider JAN GUSTAVSSON sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of GBX 2,521 ($32.63), for a total value of £2,268,900 ($2,937,087.38). In the last quarter, insiders purchased 128 shares of company stock worth $340,495.

About Coca Cola HBC

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.

Further Reading: Earnings Per Share (EPS) Explained

Analyst Recommendations for Coca Cola HBC (LON:CCH)

Receive News & Ratings for Coca Cola HBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply