Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – What’s Next?

Coca-Cola HBC (OTCMKTS:CCHGY – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $61.65, but opened at $57.70. Coca-Cola HBC shares last traded at $57.65, with a volume of 677 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCHGY. Investec cut shares of Coca-Cola HBC to a “hold” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola HBC in a research report on Wednesday. Zacks Research upgraded Coca-Cola HBC to a “hold” rating in a report on Tuesday, September 8th. BNP Paribas Exane cut shares of Coca-Cola HBC to a “neutral” rating in a research report on Monday, August 10th. Finally, Citigroup reissued a “neutral” rating on shares of Coca-Cola HBC in a research report on Friday, July 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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Coca-Cola HBC Stock Down 7.9%

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $63.65 and a 200-day moving average price of $60.94.

Coca-Cola HBC Company Profile

(Get Free Report)

Coca-Cola HBC AG is a consumer packaged goods company and one of The Coca-Cola Company’s strategic bottling partners. Headquartered in Zug, Switzerland, Coca-Cola HBC manufactures, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Coca-Cola Zero Sugar, Fanta and Sprite.

The company also offers a broader portfolio of products, including energy drinks such as Monster, bottled water, juices, ready-to-drink coffee and tea, and alcoholic beverages in selected markets.

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