Berenberg Bank Raises Coca-Cola HBC Target Price to £5,483
Coca-Cola HBC (LON:CCH) has had its target price increased by analysts at Berenberg Bank from GBX 5,453 to GBX 5,483 in a recent report. This move comes with a 'buy' rating on the stock and would indicate a potential upside of 26.28% from the company's current price.
The increase is part of several revisions made by Berenberg Bank and other research firms in recent months. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola HBC to GBX 5,725 with a 'buy' rating, while Jefferies Financial Group reaffirmed a 'buy' rating and set a GBX 5,500 price target.
Five investment analysts have given the stock a 'buy' rating, with one analyst assigning a 'hold' rating. This has led to an average rating of 'Moderate Buy' and an average price target of GBX 5,326.60 among MarketBeat's top-rated research analysts.