Coca-cola Hbc Ag (LON:CCH) Rating Reaffirmed
Investment analysts at Goldman Sachs now has a GBX 1332.00 PT on Coca-cola Hbc Ag (LON:CCH). Goldman Sachs and their recent PT would indicate a potential downside of -10.48% from the company’s last stock price. The rating has been unveiled in a very recent research note on Wednesday morning.
From a total of 9 analysts covering Coca-Cola HBC (LON:CCH) stock, 0 rate it a ”Buy”, 4 a “Sell”, and 5 a ”Hold”. This means that 0 of the ratings are positive. The highest target price is GBX 1550 while the lowest target price is GBX 1. The mean of all analyst targets is GBX 1216.89 with a -18.11% below today’s (GBX 1486.07) stock price. Coca-Cola HBC was the topic of 24 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Numis Securities downgraded shares on November 11 to “Reduce” rating. Barclays Capital maintained shares with “Equal Weight” rating and GBX 1330 target share price in a report from a November 5. Nomura maintained CCH stock in a recent report from November 6 with “Reduce” rating. Credit Suisse maintained the rating on October 8. Credit Suisse has a “Neutral” rating and a GBX 1430 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 6.
The stock decreased 1.52% or GBX 22.93 on December 9, striking GBX 1486.07. Approximately 705,656 shares of stock traded hands or 105.73% up from the average. Coca Cola HBC AG (LON:CCH) has risen 7.94% since May 12, 2015 and is uptrending. It has outperformed by 8.74% the S&P500.
Coca-Cola HBC AG is a Switzerland-based firm engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The company has a market cap of 5.52 billion GBP. The Firm distributes its products in approximately 27 countries in Europe and Nigeria. It has 23.22 P/E ratio. It is a bottler of the brands of The Coca-Cola Company.