Coca Cola HBC AG (LON:CCH) was downgraded by investment analysts at J P Morgan Chase & Co to a “neutral” rating in a report released on Monday. They currently have a GBX 2,600 ($34.20) price target on the stock, down from their prior price target of GBX 2,800 ($36.83). J P Morgan Chase & Co’s target price would indicate a potential upside of 5.65% from the company’s previous close.
A number of other research analysts also recently weighed in on the stock. Credit Suisse Group upped their price objective on shares of Coca Cola HBC AG from GBX 2,400 ($31.57) to GBX 2,820 ($37.09) and gave the stock an “outperform” rating in a research report on Friday, August 11th. BNP Paribas reiterated an “outperform” rating and issued a GBX 2,700 ($35.51) price objective on shares of Coca Cola HBC AG in a research report on Wednesday, July 19th. Jefferies Group LLC downgraded shares of Coca Cola HBC AG to a “hold” rating and upped their price objective for the stock from GBX 2,200 ($28.94) to GBX 2,700 ($35.51) in a research report on Wednesday, October 11th. Deutsche Bank AG upped their price objective on shares of Coca Cola HBC AG from GBX 1,950 ($25.65) to GBX 2,400 ($31.57) and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley upgraded shares of Coca Cola HBC AG to an “equal weight” rating and upped their price objective for the stock from GBX 1,800 ($23.67) to GBX 2,400 ($31.57) in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 2,476.73 ($32.58).
Shares of Coca Cola HBC AG (LON:CCH) opened at GBX 2,461 ($32.37) on Monday. Coca Cola HBC AG has a 1-year low of GBX 1,602 ($21.07) and a 1-year high of GBX 2,682 ($35.28).
COPYRIGHT VIOLATION NOTICE: “Coca Cola HBC AG (CCH) Rating Lowered to Neutral at J P Morgan Chase & Co” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.thestockobserver.com/2017/11/15/coca-cola-hbc-ag-cch-rating-lowered-to-neutral-at-j-p-morgan-chase-co.html.
In related news, insider Michalis Imellos purchased 43 shares of Coca Cola HBC AG stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average price of GBX 2,605 ($34.26) per share, for a total transaction of £1,120.15 ($1,473.30).
About Coca Cola HBC AG
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.
Receive News & Ratings for Coca Cola HBC AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola HBC AG and related companies with MarketBeat.com's FREE daily email newsletter.