Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Coca Cola HBC ( (GB:CCH) ) has issued an announcement.
Coca-Cola HBC AG, a non-UK issuer, has experienced a change in its major holdings as BlackRock, Inc. has crossed the 5% threshold in voting rights. This acquisition of voting rights and financial instruments by BlackRock, a major investment management corporation based in the USA, indicates a significant shift in shareholder dynamics for Coca-Cola HBC AG.
The most recent analyst rating on (GB:CCH) stock is a Hold with a £29.20 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.
Spark’s Take on GB:CCH Stock
According to Spark, TipRanks’ AI Analyst, GB:CCH is a Outperform.
Coca Cola HBC’s overall score reflects its strong financial performance and positive sentiment from the latest earnings call, supported by a stable valuation and moderate bullish technical indicators. The company’s strategic initiatives and market share gains are balanced by macroeconomic challenges and inflationary pressures.
To see Spark’s full report on GB:CCH stock, click here.
More about Coca Cola HBC
Average Trading Volume: 912,005
Technical Sentiment Signal: Buy
Current Market Cap: £13.7B
Learn more about CCH stock on TipRanks’ Stock Analysis page.