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Pin to quick picksCoca-Cola HBC Share News (CCH)

Share Price Information for Coca-Cola HBC (CCH)

London Stock Exchange
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Share Price: 2,602.00
Bid: 2,604.00
Ask: 2,606.00
Change: 12.00 (0.46%)
Spread: 2.00 (0.077%)
Open: 2,590.00
High: 2,636.00
Low: 2,588.00
Prev. Close: 2,590.00
CCH Live PriceLast checked at -

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Credit Suisse bumps up target price for CCH

Tue, 07th Jun 2016 11:37

(ShareCast News) - Credit Suisse bumped up its target price on shares of Coca Cola HBC following what it described as an "upbeat" investor seminar from the company on the previous day.The bottling company outlined plans for revenues to grow by between 4% to 5% over fiscal year 2016 to 2020 and boost its margins from the 7.5% achieved in 2015 back to their levels from before the crisis, at 11%.Analysts Sanjeet Aujla, Charlie Mills and Pavan Daswan estimated the improvement in margins would be more backend-loaded, towards 2018-2020, reaching 10% by fiscal year 2020. The analysts also called attention to the "inherent volatility" of the company´s markets.If CCH met those targets then on the basis of current exchange rates that could translate into a compound annual growth rate of 15% in earnings per share between 2016 and 2020, they said.That led Credit Suisse to lift its target price on the company´s shares from 1,480p to 1,500p, while keeping its recommendation at 'neutral'.The Swiss broker also pointed out the prospect for better pricing in Russia, easing deflation across Europe and the "good work" carried out by management on its cost base, which should allow for greater operational leverage if momentum on the top line was maintained.Lastly, the analysts noted how in the absence of future M&A opportunities the company would 'optimise' its balance sheet by paying out a special dividend.
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11 Aug 2022 08:51

TOP NEWS: Coca-Cola HBC interim sales growth overcomes Russia fallout

(Alliance News) - Coca-Cola HBC AG on Thursday said its first half was "strong" despite a severe drop in profit, knocked back by the significant costs involved in exiting from Russia.

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11 Aug 2022 07:52

Coca-Cola HBC H1 profits drop despite revenue growth

(Sharecast News) - Bottling group Coca-Cola HBC said on Thursday that revenues had grown in the six months ended 1 July but contracting margins had led to a drop in interim profits.

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9 Aug 2022 08:32

Coca-Cola HBC buys mixer product line Three Cents for EUR45 million

(Alliance News) - Coca-Cola HBC AG on Tuesday said its wholly-owned subsidiary CC Beverages Holdings II BV has bought ESM Effervescent Sodas Management Ltd, which operates the brand Three Cents.

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9 Aug 2022 07:07

Coca-Cola HBC to acquire ESM Effervescent Sodas

(Sharecast News) - Beverage company Coca-Cola Hellenic Bottling has agreed to acquire ESM Effervescent Sodas from Greece's IDEAL Holdings' wholly-owned SICC Holdings subsidiary.

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14 Jul 2022 09:45

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13 Jul 2022 09:37

Deutsche Bank raises target price on Coca-Cola Hellenic

(Sharecast News) - Analysts at Deutsche Bank raised their target price on Coca-Cola Hellenic from 2,475.0p to 2,525.0p on Wednesday, stating they were expecting "another solid release" from the firm.

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21 Jun 2022 22:13

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13 May 2022 12:07

Jefferies ups Coca-Cola HBC to 'buy'

(Sharecast News) - Jefferies upgraded Coca-Cola HBC to 'buy' from 'hold' on Friday and lifted the price target to 2,000p from 1,800p, as it said that although there is still no visibility on the endgame for Russia/Ukraine, it has more confidence in the underlying earnings prospects of the business.

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