Shares of Coca Cola HBC AG (LON:CCH) have been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 1,972.36 ($25.76).
A number of brokerages recently weighed in on CCH. Barclays PLC reaffirmed an “underweight” rating and set a GBX 1,775 ($23.18) price objective on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,500 ($32.65) price objective on shares of Coca Cola HBC AG in a report on Friday, July 7th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 2,071 ($27.04) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,200 ($28.73) price objective on shares of Coca Cola HBC AG in a report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Coca Cola HBC AG in a report on Monday, May 15th.
In related news, insider Dimitris Lois acquired 33 shares of Coca Cola HBC AG stock in a transaction dated Friday, June 16th. The shares were acquired at an average cost of GBX 2,329 ($30.41) per share, for a total transaction of £768.57 ($1,003.62). Also, insider SANDA PAREZANOVIC acquired 35 shares of Coca Cola HBC AG stock in a transaction dated Tuesday, April 18th. The stock was bought at an average price of GBX 2,092 ($27.32) per share, for a total transaction of £732.20 ($956.12). Insiders acquired 101 shares of company stock worth $222,842 in the last three months.
Coca Cola HBC AG (LON:CCH) traded up 0.31% during midday trading on Monday, reaching GBX 2243.00. 362,201 shares of the company were exchanged. Coca Cola HBC AG has a 52-week low of GBX 1,510.00 and a 52-week high of GBX 2,416.00. The company’s market capitalization is GBX 8.15 billion. The company has a 50 day moving average of GBX 2,290.83 and a 200-day moving average of GBX 2,013.56.
The company also recently announced a dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Thursday, June 29th will be issued a €0.44 ($0.51) dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, June 29th.
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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