Coca-Cola European Partners PLC (NYSE:CCEP) Given Average Recommendation of “Hold” by Brokerages
Shares of Coca-Cola European Partners PLC (NYSE:CCEP) have been given a consensus recommendation of “Hold” by the twelve research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $54.33.
CCEP has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. They noted that the move was a valuation call. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays set a $60.00 price target on shares of Coca-Cola European Partners and gave the company a “buy” rating in a report on Friday. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th.
Coca-Cola European Partners stock traded down $0.85 during midday trading on Tuesday, hitting $54.36. 1,907,316 shares of the company’s stock were exchanged, compared to its average volume of 1,177,035. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.78. Coca-Cola European Partners has a 12 month low of $41.67 and a 12 month high of $58.35. The business’s 50-day moving average price is $56.54. The firm has a market cap of $26.42 billion, a P/E ratio of 19.99, a PEG ratio of 2.21 and a beta of 0.45.
Coca-Cola European Partners Company Profile
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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