Coca-Cola European Partners PLC (CCE) Upgraded to Buy by Zacks Investment Research

Coca-Cola European Partners PLC (NYSE:CCE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, July 10th. The firm currently has a $45.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 3.07% from the company’s current price.

According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. “

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Coca-Cola European Partners PLC from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Barclays PLC reiterated a “buy” rating and set a $42.00 price target on shares of Coca-Cola European Partners PLC in a research note on Friday, March 24th. UBS AG reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. Argus lifted their price target on shares of Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $42.00 price target on shares of Coca-Cola European Partners PLC in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.57.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) traded up 0.25% during trading on Monday, hitting $43.66. The stock had a trading volume of 1,000,837 shares. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 26.54 and a beta of 0.95. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.00. The company’s 50 day moving average price is $41.72 and its 200 day moving average price is $38.45.

ILLEGAL ACTIVITY WARNING: “Coca-Cola European Partners PLC (CCE) Upgraded to Buy by Zacks Investment Research” was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/08/zacks-investment-research-upgrades-coca-cola-european-partners-plc-cce-to-buy-updated-updated-updated.html.

A number of hedge funds have recently made changes to their positions in CCE. OZ Management LP increased its stake in shares of Coca-Cola European Partners PLC by 677.4% in the second quarter. OZ Management LP now owns 813,635 shares of the company’s stock worth $33,091,000 after buying an additional 708,970 shares in the last quarter. Keybank National Association OH increased its stake in shares of Coca-Cola European Partners PLC by 1.2% in the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock worth $283,000 after buying an additional 83 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Coca-Cola European Partners PLC by 1.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,542 shares of the company’s stock worth $6,001,000 after buying an additional 1,941 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Coca-Cola European Partners PLC by 3.8% in the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock worth $427,000 after buying an additional 382 shares in the last quarter. Finally, Apertura Capital LLC increased its stake in shares of Coca-Cola European Partners PLC by 16.7% in the second quarter. Apertura Capital LLC now owns 700,000 shares of the company’s stock worth $28,469,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 31.75% of the company’s stock.

Coca-Cola European Partners PLC Company Profile

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

Get a free copy of the Zacks research report on Coca-Cola European Partners PLC (CCE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Coca-Cola European Partners PLC (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply