Coca Cola HBC AG (CCH) Rating Lowered to Neutral at J P Morgan Chase & Co

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).

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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.

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

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