Coca Cola HBC AG (CCH) Rating Reiterated by J P Morgan Chase & Co

Coca Cola HBC AG (LON:CCH)‘s stock had its “overweight” rating reaffirmed by equities researchers at J P Morgan Chase & Co in a note issued to investors on Friday. They presently have a GBX 1,900 ($23.74) target price on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 4.40% from the company’s current price.

Several other research analysts have also weighed in on the stock. Barclays PLC boosted their price objective on shares of Coca Cola HBC AG from GBX 1,630 ($20.37) to GBX 1,650 ($20.62) and gave the stock an “underweight” rating in a research note on Monday, January 23rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 2,120 ($26.49) price objective on shares of Coca Cola HBC AG in a research note on Thursday, January 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,100 ($26.24) target price on shares of Coca Cola HBC AG in a report on Tuesday, January 17th. Jefferies Group LLC lifted their target price on shares of Coca Cola HBC AG from GBX 1,900 ($23.74) to GBX 2,000 ($24.99) and gave the stock a “buy” rating in a report on Wednesday, January 11th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,826 ($22.82) target price on shares of Coca Cola HBC AG in a report on Tuesday, November 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,723.25 ($21.54).

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

Coca Cola HBC AG (LON:CCH) opened at 1820.00 on Friday. The company has a 50-day moving average of GBX 1,785.76 and a 200-day moving average of GBX 1,719.57. The firm’s market cap is GBX 6.64 billion. Coca Cola HBC AG has a 1-year low of GBX 1,271.00 and a 1-year high of GBX 1,889.00.

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In related news, insider Dimitris Lois acquired 114 shares of the stock in a transaction that occurred on Friday, December 16th. The stock was acquired at an average cost of GBX 1,669 ($20.86) per share, for a total transaction of £1,902.66 ($2,377.73). Also, insider SANDA PAREZANOVIC purchased 42 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was acquired at an average price of GBX 1,810 ($22.62) per share, with a total value of £760.20 ($950.01). Over the last quarter, insiders have purchased 668 shares of company stock valued at $1,122,350.

About Coca Cola HBC AG

Coca-Cola HBC AG and its subsidiaries are principally engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. 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, FYROM, Moldova, Montenegro, Nigeria, Romania, Russian Federation, Serbia and Ukraine.

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