Todays Report: Today, Coca Cola HBC AG (CCH) Given New GBX 1,900 Price Target at Jefferies Group

Today, Coca Cola HBC AG (CCH) Given New GBX 1,900 Price Target at Jefferies Group

Coca Cola HBC AG (LON:CCH) had its price objective reduced by Jefferies Group from GBX 2,100 ($26.24) to GBX 1,900 ($23.74) in a research report sent to investors on Monday. Jefferies Group currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Barclays PLC reissued an underweight rating and issued a GBX 1,575 ($19.68) price target on shares of Coca Cola HBC AG in a research note on Friday, October 7th. Credit Suisse Group AG raised shares of Coca Cola HBC AG to an outperform rating and boosted their price target for the stock from GBX 1,600 ($19.99) to GBX 1,950 ($24.36) in a research note on Thursday, September 15th. JPMorgan Chase & Co. reissued an overweight rating on shares of Coca Cola HBC AG in a research note on Tuesday, August 23rd. Numis Securities Ltd cut shares of Coca Cola HBC AG to a hold rating and boosted their price target for the stock from GBX 1,542 ($19.27) to GBX 1,665 ($20.80) in a research note on Monday, August 15th. Finally, Societe Generale boosted their price target on shares of Coca Cola HBC AG from GBX 1,890 ($23.61) to GBX 2,000 ($24.99) and gave the stock a buy rating in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,642.67 ($20.52).

Coca Cola HBC AG (LON:CCH) opened at 1677.00 on Monday. The company’s market cap is GBX 6.12 billion. Coca Cola HBC AG has a 52 week low of GBX 1,250.00 and a 52 week high of GBX 1,889.00. The company’s 50-day moving average is GBX 1,758.27 and its 200-day moving average is GBX 1,599.13.

In related news, insider Dimitris Lois acquired 112 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was acquired at an average cost of GBX 1,824 ($22.79) per share, for a total transaction of £2,042.88 ($2,552.32). Also, insider Lois ,Dimitris acquired 377 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was bought at an average price of GBX 1,692 ($21.14) per share, with a total value of £6,378.84 ($7,969.57).

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