In a report issued on December 2, Markus Borge Heiberg from Kepler Capital maintained a Buy rating on Coca-Cola European Partners (CCEP), with a price target of EUR43.00. The company’s shares closed last Thursday at $52.81, close to its 52-week high of $57.11.
According to TipRanks.com, Heiberg is a 2-star analyst with an average return of 2.5% and a 58.6% success rate. Heiberg covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Hermes International, and Royal Ahold Delhaize.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coca-Cola European Partners with a $54.02 average price target, which is a 1.3% upside from current levels. In a report issued on February 12, Barclays also maintained a Buy rating on the stock with a $75.00 price target.
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Coca-Cola European Partners’ market cap is currently $24.02B and has a P/E ratio of 40.40. The company has a Price to Book ratio of -4.06.
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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. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.
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