Coca-Cola HBC AG (CCH.L) 04-11-19
Shares in Coca-Cola HBC AG (CCH.L) have fallen dramatically from recent highs of 3074p. Will it continue, or is this an opportunity to pick up a bargain?
- Now trading at 2363p (at time of writing). A return to previous highs would represent a rise of 30%.
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Shares -23% from 12-month highs; +5% from 12 month lows.
24 Sep: Liberum Capital today initiates coverage of Coca-Cola HBC (CCH) with a buy rating and target price of 3335p.
19 Aug: Michalis Imellos, Director, bought 46 shares in the firm on the 16th August 2019 at a price of 2722.91p. This Director currently has 8,873 shares.
19 Aug: Zoran Bogdanovic, CEO, bought 158 shares in the firm on the 16th August 2019 at a price of 2722.91p. This Director currently has 11,975 shares.
08 Aug: Coca-Cola HBC, a major bottler for Coca-Cola, announced a decline in profits due to unseasonably cold and wet weather in Q2.
18 Jul: Michalis Imellos, Director, bought 44 shares in the firm on the 18th July 2019 at a price of 2741.81p. This Director currently has 1,464 shares.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires