Coca Cola HBC’s (CCH) Buy Rating Reaffirmed at UBS Group

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UBS Group reaffirmed their buy rating on shares of Coca Cola HBC (LON:CCH) in a research report released on Thursday, reports.

Other research analysts have also issued research reports about the company. Credit Suisse Group boosted their price objective on Coca Cola HBC from GBX 2,900 ($37.89) to GBX 2,950 ($38.55) and gave the stock an outperform rating in a report on Monday. Shore Capital reaffirmed a hold rating on shares of Coca Cola HBC in a research note on Thursday, November 8th. Finally, Deutsche Bank cut their target price on Coca Cola HBC from GBX 2,900 ($37.89) to GBX 2,850 ($37.24) and set a buy rating for the company in a research note on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 2,805 ($36.65).

Shares of LON CCH traded up GBX 21 ($0.27) during midday trading on Thursday, hitting GBX 2,546 ($33.27). 618,392 shares of the company’s stock were exchanged, compared to its average volume of 875,987. Coca Cola HBC has a 12-month low of GBX 1,969 ($25.73) and a 12-month high of GBX 2,682 ($35.05).

In related news, insider Zoran Bogdanovic acquired 152 shares of the stock in a transaction on Thursday, January 17th. The stock was purchased at an average price of GBX 2,527 ($33.02) per share, for a total transaction of £3,841.04 ($5,019.00).

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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Analyst Recommendations for Coca Cola HBC (LON:CCH)

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