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Coca Cola HBC ( (GB:CCH) ) just unveiled an announcement.
Coca-Cola HBC AG has announced a change in its voting rights structure due to an acquisition or disposal of voting rights and financial instruments by BlackRock, Inc. The notification indicates that BlackRock’s total voting rights in Coca-Cola HBC AG have fallen below 5%. This adjustment in voting rights could influence the company’s shareholder dynamics and potentially impact its strategic decisions.
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 stock is supported by strong financial performance and positive earnings call outcomes. Technical indicators present mixed signals, while valuation metrics suggest fair pricing. Corporate events further bolster investor confidence.
To see Spark’s full report on GB:CCH stock, click here.
More about Coca Cola HBC
Coca-Cola HBC AG is a leading bottler of The Coca-Cola Company, operating in the non-alcoholic beverage industry. The company produces, sells, and distributes a wide range of beverages, including carbonated soft drinks, juices, and water, across various markets in Europe and Africa.
Average Trading Volume: 994,106
Technical Sentiment Signal: Buy
Current Market Cap: £14.07B
Find detailed analytics on CCH stock on TipRanks’ Stock Analysis page.