Deutsche Bank Aktiengesellschaft Cuts Coca-Cola HBC (LON:CCH) Price Target to GBX 2,800

Coca-Cola HBC (LON:CCH – Get Rating) had its price target decreased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,900 ($37.73) to GBX 2,800 ($36.43) in a report released on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 76.16% from the stock’s current price.

CCH has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of Coca-Cola HBC to a “neutral” rating and reduced their target price for the company from GBX 2,500 ($32.53) to GBX 1,900 ($24.72) in a report on Monday, March 14th. Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a report on Wednesday, February 9th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 3,000 ($39.03) price objective on shares of Coca-Cola HBC in a report on Thursday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 2,566.67 ($33.39).

LON:CCH opened at GBX 1,589.50 ($20.68) on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.00 and a debt-to-equity ratio of 94.24. The firm has a market capitalization of £5.82 billion and a price-to-earnings ratio of 12.83. The firm’s fifty day simple moving average is GBX 1,791.16 and its 200 day simple moving average is GBX 2,254.46. Coca-Cola HBC has a twelve month low of GBX 1,403.50 ($18.26) and a twelve month high of GBX 2,809.60 ($36.55).

In other news, insider Zoran Bogdanovic acquired 231 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were purchased at an average price of GBX 1,715 ($22.31) per share, for a total transaction of £3,961.65 ($5,154.37).

About Coca-Cola HBC (Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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