Coca-Cola European Partners PLC (NYSE:CCE)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $45.00 price objective on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 10.11% from the stock’s current price.

A number of other research analysts have also issued reports on CCE. Zacks Investment Research lowered shares of Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a report on Monday. BidaskClub lowered shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. UBS AG reiterated a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a report on Monday, August 14th. Barclays PLC set a $47.00 price objective on shares of Coca-Cola European Partners PLC and gave the company a “buy” rating in a report on Sunday, August 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Coca-Cola European Partners PLC presently has an average rating of “Hold” and an average price target of $45.13.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) traded down 1.23% during midday trading on Thursday, hitting $40.87. 856,339 shares of the stock traded hands. The firm’s 50-day moving average is $43.29 and its 200 day moving average is $40.12. The company has a market capitalization of $19.79 billion, a price-to-earnings ratio of 21.32 and a beta of 0.96. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter in the prior year, the business earned $0.56 earnings per share. Equities analysts forecast that Coca-Cola European Partners PLC will post $2.57 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. increased its position in Coca-Cola European Partners PLC by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after purchasing an additional 30 shares during the period. Suntrust Banks Inc. increased its position in Coca-Cola European Partners PLC by 0.9% during the 1st quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock valued at $325,000 after purchasing an additional 78 shares during the period. Keybank National Association OH increased its position in Coca-Cola European Partners PLC by 1.2% during the 2nd quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after purchasing an additional 83 shares during the period. Raymond James Trust N.A. increased its position in Coca-Cola European Partners PLC by 1.8% during the 2nd quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after purchasing an additional 104 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Coca-Cola European Partners PLC by 3.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after purchasing an additional 382 shares during the period. 29.74% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola European Partners PLC

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.

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

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