Brokerages Set Coca-Cola European Partners PLC (NYSE:CCEP) Target Price at $60.50

Coca-Cola European Partners PLC (NYSE:CCEP) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $60.50.

A number of brokerages have issued reports on CCEP. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Liberum Capital began coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 19th. They set a “buy” rating for the company. ValuEngine upgraded shares of Coca-Cola European Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Barclays set a $61.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 4th.

CCEP traded down $0.32 during midday trading on Thursday, reaching $51.77. 412,532 shares of the company’s stock were exchanged, compared to its average volume of 1,152,610. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a market capitalization of $25.23 billion, a PE ratio of 19.03, a P/E/G ratio of 2.07 and a beta of 0.41. The business’s 50-day moving average price is $54.94 and its 200 day moving average price is $55.72. Coca-Cola European Partners has a 1-year low of $44.44 and a 1-year high of $58.94.

Several hedge funds and other institutional investors have recently modified their holdings of CCEP. Enterprise Financial Services Corp purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $25,000. FTB Advisors Inc. purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $25,000. Zions Bancorporation N.A. purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $26,000. SevenBridge Financial Group LLC purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $26,000. Finally, Lenox Wealth Management Inc. purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $29,000. Institutional investors and hedge funds own 29.08% of the company’s stock.

About Coca-Cola European Partners

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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