Coca-Cola Europacific Partners (LON:CCEP) Stock Price Down 0.5% – Should You Sell?

Coca-Cola Europacific Partners PLC (LON:CCEP) shares dropped 0.5% during trading on Friday . The stock traded as low as GBX 7,460 and last traded at GBX 7,620. Approximately 522,960 shares traded hands during trading, a decline of 7% from the average daily volume of 561,234 shares. The stock had previously closed at GBX 7,660.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from GBX 8,120 to GBX 8,340 and gave the company a “buy” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 8,340.

Coca-Cola Europacific Partners Trading Down 0.5%

The business’s 50 day simple moving average is GBX 7,132 and its 200 day simple moving average is GBX 6,883.82. The company has a debt-to-equity ratio of 143.28, a current ratio of 0.80 and a quick ratio of 0.66. The company has a market capitalization of £34.15 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39.

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.