Coca Cola HBC AG (CCH) Receives Consensus Recommendation of “Hold” from Brokerages

Coca Cola HBC AG (LON:CCH) has been given a consensus rating of “Hold” by the twelve analysts that are covering the company, Marketbeat reports. Two investment 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 price objective among brokers that have covered the stock in the last year is GBX 2,019.60 ($25.73).

Several research analysts have issued reports on CCH shares. Citigroup Inc. reiterated a “buy” rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 2,200 ($28.03) target price on shares of Coca Cola HBC AG in a report on Friday, May 12th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,993 ($25.39) target price (up from GBX 1,826 ($23.26)) on shares of Coca Cola HBC AG in a report on Tuesday, February 21st. Shore Capital reiterated a “hold” rating on shares of Coca Cola HBC AG in a report on Thursday, May 11th. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 2,350 ($29.94) target price on shares of Coca Cola HBC AG in a report on Thursday, March 23rd.

Coca Cola HBC AG (LON:CCH) traded up 0.55% during midday trading on Tuesday, reaching GBX 2389.00. 579,377 shares of the company traded hands. The stock’s market capitalization is GBX 8.68 billion. Coca Cola HBC AG has a one year low of GBX 1,323.00 and a one year high of GBX 2,403.00. The company has a 50 day moving average price of GBX 2,255.11 and a 200-day moving average price of GBX 1,979.09.

The company also recently declared a dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Thursday, June 29th will be issued a €0.44 ($0.49) dividend. This represents a dividend yield of 1.71%. The ex-dividend date is Thursday, June 29th.

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In other news, insider SANDA PAREZANOVIC purchased 33 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of GBX 2,205 ($28.09) per share, for a total transaction of £727.65 ($927.06). Insiders bought a total of 101 shares of company stock worth $222,842 over the last 90 days.

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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