Coca-Cola Europacific Partners (LON:CCEP) Sets New 52-Week High – Here’s Why

Shares of Coca-Cola Europacific Partners PLC (LON:CCEP) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 8,790 and last traded at GBX 8,690, with a volume of 265,293 shares. The stock had previously closed at GBX 8,595.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from GBX 8,480 to GBX 8,725 and gave the company a “buy” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Buy” and a consensus target price of GBX 8,725.

Coca-Cola Europacific Partners Price Performance

The company has a market capitalization of £38.42 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.94 and a beta of 0.47. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 147.25. The company’s 50 day simple moving average is GBX 7,994.70 and its 200-day simple moving average is GBX 7,546.82.

Coca-Cola Europacific Partners Company Profile

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.