Brokerages Set Coca-Cola HBC AG (OTCMKTS:CCHGY) Target Price at $2,112.50

Coca-Cola HBC AG (OTCMKTS:CCHGY – Get Rating) has earned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2,112.50.

Several research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Coca-Cola HBC from GBX 1,700 ($20.82) to GBX 1,850 ($22.66) in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Coca-Cola HBC from GBX 2,900 ($35.52) to GBX 2,800 ($34.30) in a report on Wednesday, April 20th. Barclays raised their price target on shares of Coca-Cola HBC from GBX 1,800 ($22.05) to GBX 1,900 ($23.27) in a report on Wednesday, April 27th. JPMorgan Chase & Co. lowered shares of Coca-Cola HBC from an “overweight” rating to a “neutral” rating and cut their price target for the company from GBX 2,500 ($30.62) to GBX 1,900 ($23.27) in a report on Monday, March 14th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola HBC from a “hold” rating to a “buy” rating in a report on Friday, May 13th.

Shares of CCHGY stock opened at $21.98 on Friday. Coca-Cola HBC has a 1-year low of $18.89 and a 1-year high of $39.23. 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 firm’s 50-day simple moving average is $21.19 and its 200-day simple moving average is $26.37.

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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