Coca Cola HBC AG (LON:CCH) Receives Average Rating of “Hold” from Brokerages

Coca Cola HBC AG (LON:CCH) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 2,241.10 ($29.18).

Several equities research analysts have recently weighed in on CCH shares. Shore Capital restated a “hold” rating on shares of Coca Cola HBC AG in a report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a GBX 2,200 ($28.65) price target on shares of Coca Cola HBC AG in a report on Friday, May 12th. Numis Securities Ltd restated a “hold” rating and issued a GBX 2,071 ($26.97) price target on shares of Coca Cola HBC AG in a report on Friday, May 12th. Citigroup Inc. restated a “buy” rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 2,500 ($32.56) price objective on shares of Coca Cola HBC AG in a research note on Monday, May 22nd.

Shares of Coca Cola HBC AG (LON CCH) opened at 2592.00 on Monday. The firm’s 50-day moving average price is GBX 2,296.08 and its 200 day moving average price is GBX 2,131.30. Coca Cola HBC AG has a 52 week low of GBX 1,602.00 and a 52 week high of GBX 2,656.00. The firm’s market cap is GBX 9.41 billion.

The business also recently disclosed a dividend, which was paid on Tuesday, July 25th. Shareholders of record on Thursday, June 29th were given a €0.44 ($0.52) dividend. This represents a yield of 1.71%. The ex-dividend date of this dividend was Thursday, June 29th.

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In other news, insider SANDA PAREZANOVIC acquired 34 shares of Coca Cola HBC AG stock in a transaction that occurred on Wednesday, July 26th. The stock was bought at an average price of GBX 2,243 ($29.21) per share, with a total value of £762.62 ($993.12). Also, insider Dimitris Lois acquired 33 shares of Coca Cola HBC AG stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average cost of GBX 2,329 ($30.33) per share, with a total value of £768.57 ($1,000.87). Insiders bought 204 shares of company stock valued at $458,844 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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