Coca-Cola Europacific Partners (LON:CCEP) Stock Price Down 0.4% – Here’s Why

Coca-Cola Europacific Partners PLC (LON:CCEP)’s stock price traded down 0.4% during trading on Wednesday. The stock traded as low as GBX 7,675 and last traded at GBX 7,700. 163,309 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 5,018,135 shares. The stock had previously closed at GBX 7,730.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from GBX 8,480 to GBX 8,725 and gave the company a “buy” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Buy” and an average price target of GBX 8,725.

Coca-Cola Europacific Partners Stock Performance

The firm’s 50 day moving average is GBX 7,819.20 and its 200-day moving average is GBX 7,490.20. The stock has a market capitalization of £34.63 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.94 and a beta of 0.47. The company has a debt-to-equity ratio of 147.25, a quick ratio of 0.66 and a current ratio of 0.89.

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.