Coca-Cola HBC (LON:CCH) “Hold” Rating Kept by Analysts at Shore Capital; Lee Danner & Bass Decreased By $1.22 Million Its Forestar Group (FOR) Stake

December 7, 2017 - By Winifred Garcia

Coca-Cola HBC (LON:CCH) had its stock rating kept as “Hold” by expert analysts at Shore Capital. This was shown in analysts note on 7 December.

Lee Danner & Bass Inc decreased Forestar Group (FOR) stake by 71.14% reported in 2017Q2 SEC filing. Lee Danner & Bass Inc sold 71,500 shares as Forestar Group (FOR)’s stock rose 8.43%. The Lee Danner & Bass Inc holds 29,000 shares with $497,000 value, down from 100,500 last quarter. Forestar Group now has $905.88M valuation. The stock increased 0.23% or $0.05 during the last trading session, reaching $21.6. About 219,220 shares traded. Forestar Group Inc. (NYSE:FOR) has risen 26.00% since December 7, 2016 and is uptrending. It has outperformed by 9.30% the S&P500.

Coca-Cola HBC AG produces, distributes, and sells non-alcoholic ready-to-drink beverages under bottlers' arrangements, franchise agreements, and under its own brand names. The company has market cap of 8.58 billion GBP. The firm offers sparkling, still, and water beverages, including waters and flavored waters, juices and juice drinks, sports and energy drinks, teas, and coffees. It has a 18.33 P/E ratio. It markets and sells its products under the Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Amita, Avra, Deep RiverRock, Fruice brand names; and iced tea, and sports and energy drinks under the Nestea and Monster brand names, as well as distributes third-party products, such as beer and premium spirits.

Among 14 analysts covering Coca-Cola HBC (LON:CCH), 4 have Buy rating, 3 Sell and 7 Hold. Therefore 29% are positive. Coca-Cola HBC has GBX 2900 highest and GBX 1 lowest target. GBX 2296.08’s average target is -2.00% below currents GBX 2343 stock price. Coca-Cola HBC had 120 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Barclays Capital given on Friday, March 31. JP Morgan maintained Coca-Cola HBC AG (LON:CCH) rating on Friday, August 12. JP Morgan has “Overweight” rating and GBX 1900 target. Barclays Capital downgraded the shares of CCH in report on Thursday, February 4 to “Underweight” rating. The rating was maintained by Nomura with “Reduce” on Monday, September 14. The stock of Coca-Cola HBC AG (LON:CCH) earned “Add” rating by Numis Securities on Tuesday, June 7. The stock of Coca-Cola HBC AG (LON:CCH) earned “Overweight” rating by JP Morgan on Monday, May 22. Shore Capital maintained Coca-Cola HBC AG (LON:CCH) on Thursday, February 16 with “Hold” rating. The rating was maintained by Jefferies on Friday, May 12 with “Buy”. The stock has “Underweight” rating by Barclays Capital on Monday, January 23. The firm has “Hold” rating by Numis Securities given on Monday, August 17.

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By1 Winifred Garcia

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