Coca-Cola European Partners (CCEP) Receives a Buy from Kepler Capital


Kepler Capital analyst Jon Cox maintained a Buy rating on Coca-Cola European Partners (CCEP) on October 12 and set a price target of EUR44.00. The company’s shares closed last Friday at $47.25.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.6% and a 49.1% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Hermes International, and Royal Ahold Delhaize.

Coca-Cola European Partners has an analyst consensus of Moderate Buy, with a price target consensus of $48.95, which is a 3.0% upside from current levels. In a report issued on October 8, Citigroup also maintained a Buy rating on the stock with a EUR41.00 price target.

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The company has a one-year high of $57.11 and a one-year low of $28.35. Currently, Coca-Cola European Partners has an average volume of 1.52M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCEP in relation to earlier this year.

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.

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. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.

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