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

Shares of Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Rating) have earned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2,200.00.

A number of brokerages have recently commented on CCHGY. Deutsche Bank Aktiengesellschaft cut their price target on shares of Coca-Cola HBC from GBX 2,900 ($36.49) to GBX 2,800 ($35.23) in a report on Wednesday, April 20th. Societe Generale upgraded shares of Coca-Cola HBC from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. Jefferies Financial Group raised shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a research note on Friday, May 13th. Barclays boosted their price objective on Coca-Cola HBC from GBX 1,800 ($22.65) to GBX 1,900 ($23.91) in a report on Wednesday, April 27th. Finally, Zacks Investment Research upgraded Coca-Cola HBC from a “strong sell” rating to a “hold” rating in a report on Monday, May 16th.

Shares of OTCMKTS:CCHGY opened at $21.61 on Wednesday. Coca-Cola HBC has a 1 year low of $18.89 and a 1 year high of $39.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 1.05. The company’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $28.06.

Coca-Cola HBC Company Profile (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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