Coca Cola HBC AG (CCH) Given “Overweight” Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Coca Cola HBC AG (LON:CCH) in a research note released on Friday morning, Marketbeat.com reports. The brokerage currently has a GBX 2,500 ($32.38) target price on the stock.

A number of other brokerages also recently issued reports on CCH. Numis Securities Ltd reiterated a hold rating and issued a GBX 2,071 ($26.83) price target on shares of Coca Cola HBC AG in a report on Friday, May 12th. Barclays PLC reiterated an underweight rating and issued a GBX 1,775 ($22.99) price target on shares of Coca Cola HBC AG in a report on Tuesday, May 30th. Jefferies Group LLC reiterated a buy rating and issued a GBX 2,200 ($28.50) price target on shares of Coca Cola HBC AG in a report on Friday, May 12th. Citigroup Inc. reiterated a buy rating on shares of Coca Cola HBC AG in a report on Monday, May 15th. Finally, Shore Capital reiterated a hold rating on shares of Coca Cola HBC AG in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Coca Cola HBC AG presently has an average rating of Hold and a consensus price target of GBX 2,019.60 ($26.16).

Coca Cola HBC AG (LON CCH) traded up 0.36% on Friday, hitting GBX 2229.00. 582,392 shares of the stock traded hands. The stock’s market cap is GBX 8.10 billion. The company’s 50 day moving average price is GBX 2,290.83 and its 200-day moving average price is GBX 2,013.56. Coca Cola HBC AG has a 52-week low of GBX 1,510.00 and a 52-week high of GBX 2,416.00.

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The firm also recently disclosed a dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Thursday, June 29th will be paid a €0.44 ($0.50) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 1.71%.

In other Coca Cola HBC AG news, insider SANDA PAREZANOVIC acquired 33 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of GBX 2,205 ($28.56) per share, with a total value of £727.65 ($942.55). Insiders acquired a total of 101 shares of company stock valued at $222,842 over the last three months.

Coca Cola HBC AG Company Profile

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.

Analyst Recommendations for Coca Cola HBC AG (LON:CCH)

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