Coca-Cola European Partners PLC (NYSE:CCEP) Receives Consensus Rating of “Hold” from Analysts

Coca-Cola European Partners PLC (NYSE:CCEP) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $57.80.

CCEP has been the topic of several analyst reports. ValuEngine lowered Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays set a $60.00 price target on Coca-Cola European Partners and gave the stock a “buy” rating in a report on Friday, August 9th. Liberum Capital initiated coverage on Coca-Cola European Partners in a report on Thursday, September 19th. They set a “buy” rating on the stock. ABN Amro upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Monday, October 14th.

CCEP traded up $0.53 on Friday, hitting $58.77. 957,233 shares of the company’s stock were exchanged, compared to its average volume of 938,152. Coca-Cola European Partners has a fifty-two week low of $42.90 and a fifty-two week high of $58.91. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $56.03 and a 200-day moving average price of $55.43. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.26 and a beta of 0.41.

Several hedge funds and other institutional investors have recently bought and sold shares of CCEP. Enterprise Financial Services Corp purchased a new stake in Coca-Cola European Partners in the 2nd quarter valued at about $25,000. FTB Advisors Inc. purchased a new stake in Coca-Cola European Partners in the 2nd quarter valued at about $25,000. Zions Bancorporation N.A. purchased a new stake in Coca-Cola European Partners in the 2nd quarter valued at about $26,000. SevenBridge Financial Group LLC purchased a new stake in Coca-Cola European Partners in the 2nd quarter valued at about $26,000. Finally, Lenox Wealth Management Inc. purchased a new stake in Coca-Cola European Partners in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Coca-Cola European Partners Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.

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Analyst Recommendations for Coca-Cola European Partners (NYSE:CCEP)

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