Coca-Cola Europacific Partners (LON:CCEP) Stock Price Down 1.5% – Time to Sell?

Shares of Coca-Cola Europacific Partners PLC (LON:CCEP) traded down 1.5% during mid-day trading on Thursday . The company traded as low as GBX 6,630 and last traded at GBX 6,730. 10,791,427 shares were traded during mid-day trading, an increase of 2,786% from the average session volume of 373,875 shares. The stock had previously closed at GBX 6,830.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola Europacific Partners from GBX 7,950 to GBX 8,130 and gave the company a “buy” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Buy” and a consensus price target of GBX 8,130.

Coca-Cola Europacific Partners Trading Up 3.6%

The stock’s fifty day simple moving average is GBX 6,671.72 and its two-hundred day simple moving average is GBX 6,794.87. The firm has a market cap of £31.36 billion, a PE ratio of 20.81, a PEG ratio of 1.94 and a beta of 0.75. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 144.80.

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.