Coca-Cola European Partners (NYSE:CCE) had its target price lowered by stock analysts at Susquehanna Bancshares from $33.00 to $30.00 in a research note issued to investors on Monday. The brokerage currently has a “negative” rating on the stock. Susquehanna Bancshares’ price objective indicates a potential downside of 19.74% from the company’s previous close.
A number of other brokerages have also issued reports on CCE. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Macquarie lowered shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. Deutsche Bank initiated coverage on shares of Coca-Cola European Partners in a research report on Wednesday, December 13th. They set a “buy” rating and a $43.00 target price on the stock. Finally, UBS Group lowered shares of Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.00.
Shares of Coca-Cola European Partners (NYSE CCE) traded up $0.17 during trading on Monday, hitting $37.38. 2,217,685 shares of the stock were exchanged, compared to its average volume of 1,836,368. Coca-Cola European Partners has a twelve month low of $34.36 and a twelve month high of $44.75. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $18,023.84, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.82.
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About Coca-Cola European Partners
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.
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