Coca Cola HBC AG (CCH) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Coca Cola HBC AG (LON:CCH) in a research report released on Monday morning. The firm currently has a GBX 2,100 ($26.08) target price on the stock.

CCH has been the subject of a number of other research reports. Barclays PLC lifted their price objective on Coca Cola HBC AG from GBX 1,650 ($20.49) to GBX 1,750 ($21.73) and gave the company an underweight rating in a research note on Friday, March 31st. Shore Capital reiterated a hold rating on shares of Coca Cola HBC AG in a research note on Thursday, February 16th. Numis Securities Ltd reiterated a hold rating and set a GBX 1,993 ($24.75) price objective (up previously from GBX 1,826 ($22.67)) on shares of Coca Cola HBC AG in a research note on Tuesday, February 21st. Jefferies Group LLC lifted their price objective on Coca Cola HBC AG from GBX 2,000 ($24.84) to GBX 2,200 ($27.32) and gave the company a buy rating in a research note on Friday, February 17th. Finally, Goldman Sachs Group Inc reiterated a buy rating and set a GBX 2,120 ($26.33) price objective on shares of Coca Cola HBC AG in a research note on Thursday, January 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Coca Cola HBC AG presently has a consensus rating of Hold and an average price target of GBX 1,969.30 ($24.45).

Coca Cola HBC AG (LON:CCH) opened at 2097.00 on Monday. The firm has a 50-day moving average price of GBX 2,003.68 and a 200-day moving average price of GBX 1,822.88. The company’s market cap is GBX 7.62 billion. Coca Cola HBC AG has a 52 week low of GBX 1,286.00 and a 52 week high of GBX 2,106.00.

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In other Coca Cola HBC AG news, insider SANDA PAREZANOVIC purchased 39 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was purchased at an average price of GBX 1,893 ($23.51) per share, for a total transaction of £738.27 ($916.76). Also, insider Dimitris Lois purchased 99 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of GBX 1,988 ($24.69) per share, with a total value of £1,968.12 ($2,443.96). Insiders have acquired 180 shares of company stock valued at $346,659 in the last quarter.

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.

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