Shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $60.43.
A number of analysts have weighed in on CCEP shares. UBS Group raised Coca-Cola Europacific Partners from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $68.00 in a research report on Wednesday, August 3rd. StockNews.com raised Coca-Cola Europacific Partners from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. Societe Generale increased their price objective on Coca-Cola Europacific Partners to €44.00 ($44.90) and gave the stock a "sell" rating in a research report on Wednesday, July 6th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th.
Get Coca-Cola Europacific Partners alerts:Coca-Cola Europacific Partners Trading Up 3.5 %
NYSE:CCEP opened at $49.70 on Friday. Coca-Cola Europacific Partners has a 52-week low of $42.33 and a 52-week high of $59.89. The stock's 50 day moving average price is $51.49 and its 200 day moving average price is $50.81. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.75 and a current ratio of 0.94.
Hedge Funds Weigh In On Coca-Cola Europacific Partners
Hedge funds have recently bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $26,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $29,000. Kempen Capital Management N.V. purchased a new position in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $34,000. Standard Family Office LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $36,000. Finally, New Millennium Group LLC purchased a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $36,000.Coca-Cola Europacific Partners Company Profile
(Get Rating)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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