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Susquehanna Upgrades Coca-Cola European Partners (CCE) to Hold


Coca-Cola European Partners (NYSE: CCE) received a Hold rating and a $48 price target from Susquehanna analyst Pablo Zuanic today. The company’s shares closed yesterday at $45.35, close to its 52-week high of $45.46.

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 7.0% and a 53.3% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Craft Brewers Alliance.

Currently, the analyst consensus on Coca-Cola European Partners is a Moderate Buy with an average price target of $47.33, implying a 4.4% upside from current levels. In a report issued on September 12, Jefferies also maintained a Hold rating on the stock with a $46 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.