Coca-Cola Europacific Partners (LON:CCEP) Sets New 1-Year High – Here’s Why

Coca-Cola Europacific Partners PLC (LON:CCEP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 8,260 and last traded at GBX 8,230, with a volume of 256801 shares changing hands. The stock had previously closed at GBX 8,120.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 8,320 target price on shares of Coca-Cola Europacific Partners in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 8,320.

Coca-Cola Europacific Partners Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 136.54. The stock has a fifty day simple moving average of GBX 7,527.10 and a 200-day simple moving average of GBX 7,267.42. The stock has a market cap of £37.26 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is the world’s largest independent Coca-Cola bottler by revenue. Our employees make, sell and distribute the world’s most loved drinks brands, serving a consumer population of more than 600 million across 29 markets.