Coca-Cola HBC S.A. (NYSE:CCH) was downgraded by equities researchers at Nomura from a “neutral” rating to a “reduce” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Coca-Cola HBC S.A. (NYSE:CCH) opened at 29.00 on Tuesday. Coca-Cola HBC S.A. has a 52 week low of $22.11 and a 52 week high of $30.76. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $26.42. The company has a market cap of $10.636 billion and a price-to-earnings ratio of 49.53.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale downgraded shares of Coca-Cola HBC S.A. from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Coca-Cola HBC S.A. in a research note to investors on Tuesday, October 22nd. They now have a $1,790.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Coca-Cola HBC S.A. from $45.00 to $43.00 in a research note to investors on Wednesday, October 16th. They now have a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $1,063.36.
Coca-Cola Hellenic Bottling Company SA (NYSE:CCH) is engaged in the production and distribution of non-alcoholic beverages, under franchise from The Coca-Cola Company (TCCC).
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