Coca-Cola HBC S.A. (NYSE:CCH) had its price objective cut by Goldman Sachs Group Inc. from $2,100.00 to $2,000.00 in a research report released on Tuesday morning, StockRatingsNetwork.com reports. Goldman Sachs Group Inc. currently has a neutral rating on the stock.
Goldman Sachs Group Inc. has also updated their ratings on a number of other consumer goods stocks in the last week. The firm reiterated its buy rating on shares of Sina. Also, Goldman Sachs Group Inc. downgraded shares of Partner Communications Company Ltd from a neutral rating to a sell rating. Finally, Goldman Sachs Group Inc. upgraded shares of CDC Corp from a neutral rating to a buy rating. Goldman Sachs Group Inc. now has a $13.14 price target on that stock, up previously from $9.08.
Coca-Cola HBC S.A. (NYSE:CCH) traded down 0.04% on Tuesday, hitting $27.77. 956 shares of the company’s stock traded hands. Coca-Cola HBC S.A. has a 1-year low of $22.11 and a 1-year high of $31.82. The stock has a 50-day moving average of $28.59 and a 200-day moving average of $27.16. The company has a market cap of $10.206 billion and a price-to-earnings ratio of 47.41.
A number of other analysts have also recently weighed in on CCH. Analysts at Societe Generale reiterated a sell rating on shares of Coca-Cola HBC S.A. in a research note to investors on Friday, November 8th. They now have a $1,520.00 price target on the stock. Separately, analysts at Nomura reiterated a reduce rating on shares of Coca-Cola HBC S.A. in a research note to investors on Friday, November 8th. They now have a $1,500.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of Coca-Cola HBC S.A. in a research note to investors on Friday, November 8th. They now have a $1,860.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $1,280.77.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.