The Coca Cola HBC AG (CCH) Receives ” Underweight” Rating from Barclays PLC

The Coca Cola HBC AG (CCH) Receives ” Underweight” Rating from Barclays PLC

Coca Cola HBC AG (LON:CCH)‘s stock had its ” underweight” rating restated by equities research analysts at Barclays PLC in a research note issued on Friday. They presently have a GBX 1,575 ($20.56) price target on the stock. Barclays PLC’s target price would suggest a potential downside of 12.40% from the company’s current price.

CCH has been the subject of several other reports. Jefferies Group started coverage on Coca Cola HBC AG in a research report on Tuesday, September 13th. They issued a “buy” rating and a GBX 2,000 ($26.11) price objective for the company. Citigroup Inc. reiterated a “buy” rating on shares of Coca Cola HBC AG in a research report on Tuesday. Credit Suisse Group AG lowered their price objective on Coca Cola HBC AG from GBX 1,400 ($18.27) to GBX 1,350 ($17.62) and set a “neutral” rating for the company in a research report on Thursday, August 25th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coca Cola HBC AG in a research report on Tuesday, August 23rd. Finally, Morgan Stanley started coverage on Coca Cola HBC AG in a research report on Tuesday, August 2nd. They issued an “underweight” rating and a GBX 1,430 ($18.67) price objective for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Coca Cola HBC AG currently has an average rating of “Hold” and a consensus price target of GBX 1,633 ($21.32).

Coca Cola HBC AG (LON:CCH) remained flat at GBX 1798.00 on Friday. The company’s stock had a trading volume of 391,233 shares. Coca Cola HBC AG has a 1-year low of GBX 1,250.00 and a 1-year high of GBX 1,843.00. The firm’s 50-day moving average price is GBX 1,710.44 and its 200-day moving average price is GBX 1,522.13. The stock’s market cap is GBX 6.56 billion.

In related news, insider Lois ,Dimitris acquired 377 shares of Coca Cola HBC AG stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of GBX 1,692 ($22.09) per share, for a total transaction of £6,378.84 ($8,326.38).

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