Barclays Lowers Coca Cola HBC (LON:CCH) Price Target to GBX 2,620

Coca Cola HBC (LON:CCH) had its price objective reduced by Barclays from GBX 3,300 ($43.41) to GBX 2,620 ($34.46) in a research note published on Monday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Several other equities analysts have also weighed in on the company. Goldman Sachs Group reduced their price objective on Coca Cola HBC from GBX 2,940 ($38.67) to GBX 2,500 ($32.89) and set a neutral rating on the stock in a research note on Monday, March 16th. Credit Suisse Group lifted their price objective on Coca Cola HBC from GBX 3,050 ($40.12) to GBX 3,200 ($42.09) and gave the company an outperform rating in a research note on Friday, February 14th. Citigroup raised Coca Cola HBC to a buy rating and reduced their price objective for the company from GBX 3,100 ($40.78) to GBX 2,450 ($32.23) in a research note on Friday, March 13th. Deutsche Bank lifted their price objective on Coca Cola HBC from GBX 3,000 ($39.46) to GBX 3,100 ($40.78) and gave the company a buy rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Coca Cola HBC from GBX 3,000 ($39.46) to GBX 1,980 ($26.05) and set an overweight rating on the stock in a research note on Tuesday, March 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Coca Cola HBC currently has an average rating of Buy and an average price target of GBX 2,687.22 ($35.35).

Shares of LON CCH traded up GBX 0.50 ($0.01) during midday trading on Monday, hitting GBX 1,747 ($22.98). The stock had a trading volume of 991,393 shares, compared to its average volume of 875,987. The company has a market capitalization of $6.30 billion and a price-to-earnings ratio of 12.19. Coca Cola HBC has a 1-year low of GBX 1,393.10 ($18.33) and a 1-year high of GBX 3,094 ($40.70). The company has a quick ratio of 0.97, a current ratio of 1.15 and a debt-to-equity ratio of 123.13. The company has a fifty day moving average price of GBX 2,389.12 and a 200 day moving average price of GBX 2,522.59.

In related news, insider Zoran Bogdanovic purchased 286 shares of Coca Cola HBC stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average cost of GBX 1,444 ($19.00) per share, with a total value of £4,129.84 ($5,432.57). Insiders have purchased a total of 564 shares of company stock worth $1,193,820 over the last three months.

About Coca Cola HBC

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, and energy and sports drinks; and natural mineral, spring, and processed water. It markets and sells its products under the Coca-Cola, 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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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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