Skip to main content

Coca-Cola Europacific Partners (NYSE: CCEP – Get a rating) has been updated by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report released Wednesday, Zacks.com reports.

According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in the production, distribution and marketing of non-alcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, France mainland, Germany, Great Britain, Luxembourg, Monaco, Netherlands, Norway, Portugal, Spain and Sweden Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, UK.”

Several other research companies have also recently weighed in on CCEP. Credit Suisse Group cut its price target on Coca-Cola Europacific Partners shares from €61.00 ($67.03) to €60.00 ($65.93) and set an “outperform” rating on the action in a Friday, February 18 research note. Barclays lowered its price target on Coca-Cola Europacific Partners shares from $78.00 to $74.00 and set an “overweight” rating for the company in a Friday, February 18 research report. Bank of America lowered its price target on Coca-Cola Europacific Partners shares from $68.00 to $55.00 and set a “buy” rating for the company in a Wednesday, March 9 research report. Deutsche Bank Aktiengesellschaft lowered its price target on shares of Coca-Cola Europacific Partners from $72.00 to $70.00 in a Thursday, February 17 report. Finally, ING Group began covering the shares of Coca-Cola Europacific Partners in a report on Tuesday, February 8. They set a “buy” rating and a price target of $71.05 for the company. One analyst rated the stock with a sell rating, four issued a hold rating and thirteen assigned the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $65.84.

(A d)

Lithium is the undisputed fuel of the green energy revolution. A little-known small-cap lithium mining company in a renowned South American location has begun to attract interest from opportunity-minded investors.

Shares of NYSE CCEP traded down $1.62 during Wednesday’s trading, hitting $48.09. The company had a trading volume of 993,560 shares, compared to an average volume of 1,333,064. The stock has a fifty-day simple moving average of $53.68 and a two-hundred-day simple moving average of 54, $57. Coca-Cola Europacific Partners has a fifty-two week low of $42.33 and a fifty-two week high of $63.04. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt ratio of 1.64.

A number of large investors have recently changed their positions in CCEP. Benjamin Edwards Inc. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $28,000. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in Coca-Cola Europacific Partners stock in the fourth quarter for approximately $29,000. CWM LLC purchased a new stock position in Coca-Cola Europacific Partners during the fourth quarter for a value of approximately $34,000. Standard Family Office LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $36,000. Finally, Desjardins Global Asset Management Inc. acquired a new position in Coca-Cola Europapacific Partners in the fourth quarter worth approximately $44,000.

Coca-Cola Europacific Partners Company Profile (Get a rating)

Coca-Cola Europacific Partners Plc is engaged in the distribution and sale of ready-to-drink soft drinks. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden and Iceland. The company was founded on August 4, 2015 and is based in Uxbridge, UK.

Featured Articles

Get a free copy of Zacks’ research report on Coca-Cola Europacific Partners (CCEP)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst recommendations for Coca-Cola Europacific Partners (NYSE: CCEP)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Coca-Cola Europacific Partners right now?

Before you consider Coca-Cola Europacific Partners, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Coca-Cola Europacific Partners was not on the list.

While Coca-Cola Europacific Partners currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here