Barclays Believes Coca-Cola (KO) Still Has Room to Grow


Barclays analyst Lauren Lieberman maintained a Buy rating on Coca-Cola (KO) yesterday and set a price target of $54. The company’s shares closed yesterday at $49.58, close to its 52-week high of $50.84.

According to TipRanks.com, Lieberman is a 3-star analyst with an average return of 1.6% and a 56.1% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola European Partners plc, and Constellation Brands Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coca-Cola with a $50.70 average price target, implying a 2.3% upside from current levels. In a report issued on May 14, Wells Fargo also maintained a Buy rating on the stock.

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The company has a one-year high of $50.84 and a one-year low of $41.93. Currently, Coca-Cola has an average volume of 14.83M.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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