Coca-Cola HBC AG (OTCMKTS:CCHGY) Receives Average Recommendation of “Hold” from Analysts

Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Rating) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1,659.29.

Several research firms have weighed in on CCHGY. Barclays boosted their target price on shares of Coca-Cola HBC from GBX 1,800 ($22.94) to GBX 1,900 ($24.22) in a report on Wednesday. Societe Generale upgraded shares of Coca-Cola HBC from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coca-Cola HBC from GBX 2,900 ($36.96) to GBX 2,800 ($35.69) in a report on Wednesday, April 20th. Morgan Stanley lowered shares of Coca-Cola HBC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 9th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola HBC from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from GBX 2,500 ($31.86) to GBX 1,900 ($24.22) in a report on Monday, March 14th.

OTCMKTS:CCHGY opened at $20.32 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average is $21.75 and its two-hundred day moving average is $29.76. Coca-Cola HBC has a 1-year low of $18.99 and a 1-year high of $39.23.

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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