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

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

Several other research firms also recently issued reports on CCH. Citigroup raised shares of Coca Cola HBC to a buy rating and dropped their price target for the company from GBX 3,100 ($40.78) to GBX 2,450 ($32.23) in a research note on Friday, March 13th. Goldman Sachs Group dropped their price target on shares of Coca Cola HBC from GBX 2,940 ($38.67) to GBX 2,500 ($32.89) and set a neutral rating for the company in a research note on Monday, March 16th. JPMorgan Chase & Co. dropped their price target on shares of Coca Cola HBC from GBX 3,000 ($39.46) to GBX 1,980 ($26.05) and set an overweight rating for the company in a research note on Tuesday, March 17th. UBS Group reissued a buy rating on shares of Coca Cola HBC in a research note on Friday, February 7th. Finally, Deutsche Bank lifted their target price on shares of Coca Cola HBC from GBX 3,000 ($39.46) to GBX 3,100 ($40.78) and gave the stock a buy rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Coca Cola HBC has a consensus rating of Buy and a consensus target price of GBX 2,687.22 ($35.35).

CCH stock opened at GBX 1,712.60 ($22.53) on Monday. The company has a fifty day moving average price of GBX 2,367.22 and a 200-day moving average price of GBX 2,517.68. The company has a market capitalization of $6.25 billion and a P/E ratio of 11.95. Coca Cola HBC has a 52-week low of GBX 1,393.10 ($18.33) and a 52-week high of GBX 3,094 ($40.70). The company has a debt-to-equity ratio of 123.13, a quick ratio of 0.97 and a current ratio of 1.15.

In other news, insider Zoran Bogdanovic bought 286 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of GBX 1,444 ($19.00) per share, with a total value of £4,129.84 ($5,432.57). Insiders have purchased 564 shares of company stock valued at $1,193,820 in the last three months.

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, 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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