Several other research analysts have also weighed in on the company. Credit Suisse Group reaffirmed an outperform rating on shares of Coca Cola HBC in a research report on Thursday, August 23rd. Shore Capital reiterated a hold rating on shares of Coca Cola HBC in a research note on Thursday, August 9th. Jefferies Financial Group upgraded Coca Cola HBC to a buy rating and upped their price target for the stock from GBX 2,660 ($34.65) to GBX 3,000 ($39.08) in a research note on Wednesday, July 11th. Finally, Societe Generale upgraded Coca Cola HBC to a buy rating and upped their price target for the stock from GBX 2,758 ($35.93) to GBX 2,940 ($38.30) in a research note on Thursday, June 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Coca Cola HBC currently has a consensus rating of Buy and an average target price of GBX 2,812.86 ($36.64).
LON:CCH traded down GBX 64 ($0.83) during trading hours on Tuesday, hitting GBX 2,448 ($31.89). 896,045 shares of the company’s stock traded hands, compared to its average volume of 875,987. Coca Cola HBC has a twelve month low of GBX 1,969 ($25.65) and a twelve month high of GBX 2,682 ($34.94).
In other Coca Cola HBC news, insider Zoran Bogdanovic purchased 155 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was purchased at an average cost of GBX 2,570 ($33.48) per share, with a total value of £3,983.50 ($5,188.88). Also, insider Michalis Imellos purchased 41 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The shares were acquired at an average cost of GBX 2,753 ($35.86) per share, with a total value of £1,128.73 ($1,470.27). Insiders acquired a total of 290 shares of company stock valued at $758,819 in the last quarter.
Coca Cola HBC Company Profile
Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages. The company offers sparkling soft drinks; still drinks, including juices and fruit-based drinks, iced tea, coffee, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice, and Nestea brand names; and distributes third-party products, such as Monster energy drinks, and beer and premium spirits.
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