Jefferies Group LLC Downgrades Coca Cola HBC AG (CCH) to Hold

Coca Cola HBC AG (LON:CCH) was downgraded by equities research analysts at Jefferies Group LLC to a “hold” rating in a report released on Wednesday. They currently have a GBX 2,700 ($35.50) target price on the stock, up from their prior target price of GBX 2,200 ($28.92). Jefferies Group LLC’s price objective points to a potential upside of 3.61% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Citigroup Inc. restated a “buy” rating and set a GBX 2,900 ($38.13) price objective on shares of Coca Cola HBC AG in a research report on Friday, August 11th. Morgan Stanley upgraded shares of Coca Cola HBC AG to an “equal weight” rating and raised their price objective for the company from GBX 1,800 ($23.67) to GBX 2,400 ($31.55) in a research report on Friday, September 22nd. Deutsche Bank AG raised their price objective on shares of Coca Cola HBC AG from GBX 1,950 ($25.64) to GBX 2,400 ($31.55) and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Shore Capital restated a “hold” rating on shares of Coca Cola HBC AG in a research report on Thursday, August 10th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 2,700 ($35.50) price objective on shares of Coca Cola HBC AG in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Coca Cola HBC AG has a consensus rating of “Hold” and an average price target of GBX 2,380.55 ($31.30).

Coca Cola HBC AG (CCH) opened at 2589.00 on Wednesday. The firm’s 50-day moving average is GBX 2,585.76 and its 200-day moving average is GBX 2,339.46. The firm’s market cap is GBX 9.42 billion. Coca Cola HBC AG has a 12 month low of GBX 1,602.00 and a 12 month high of GBX 2,682.00.

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In other news, insider Michalis Imellos acquired 43 shares of Coca Cola HBC AG stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of GBX 2,591 ($34.07) per share, with a total value of £1,114.13 ($1,464.80). Also, insider JAN GUSTAVSSON acquired 104 shares of Coca Cola HBC AG stock in a transaction on Monday, July 17th. The shares were purchased at an average cost of GBX 2,240 ($29.45) per share, with a total value of £2,329.60 ($3,062.85). Insiders have acquired 223 shares of company stock valued at $528,701 over the last ninety days.

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.

Analyst Recommendations for Coca Cola HBC AG (LON:CCH)

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