Macquarie Believes Coca-Cola European Partners (CCE) Won’t Stop Here
Macquarie analyst Caroline Levy maintained a Buy rating on Coca-Cola European Partners (NYSE: CCE) today and set a price target of $52. The company’s shares closed yesterday at $45.35, close to its 52-week high of $45.46.
Levy has an average return of 6.5% when recommending Coca-Cola European Partners.
According to TipRanks.com, Levy is ranked #3618 out of 4875 analysts.
Currently, the analyst consensus on Coca-Cola European Partners is a Moderate Buy with an average price target of $48, implying a 5.8% upside from current levels. In a report released today, Wells Fargo also upgraded the stock to Buy with a $50 price target.
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Coca-Cola European Partners’ market cap is currently $22.04B and has a P/E ratio of 27.97. The company has a Price to Book ratio of 2.76.
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Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. IT operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.