Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Coca-Cola Europacific Partners (LON:CCEP) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Coca-Cola Europacific Partners from GBX 7,950 to GBX 8,130, indicating a potential upside of 17.66% from the current price.
• Coca-Cola Europacific Partners has a market capitalization of £38.29 billion, with a PE ratio of 23.77 and a current ratio of 0.85.
• The company operates as the world's largest independent Coca-Cola bottler, serving over 600 million consumers across 29 markets.

Coca-Cola Europacific Partners (LON:CCEP - Free Report) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 7,950 ($106.78) to GBX 8,130 ($109.20) in a research note released on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock traded down GBX 130 ($1.75) on Thursday, hitting GBX 6,920 ($92.95). The company had a trading volume of 113,114 shares, compared to its average volume of 321,726. The stock's 50-day simple moving average is GBX 7,018.21 and its 200 day simple moving average is GBX 6,761.36. The stock has a market cap of £38.35 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.94 and a beta of 0.75. Coca-Cola Europacific Partners has a 12-month low of GBX 5,840 ($78.44) and a 12-month high of GBX 7,560 ($101.54). The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 144.80.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is the world's largest independent Coca-Cola bottler by revenue. Our employees make, sell and distribute the world's most loved drinks brands, serving a consumer population of more than 600 million across 29 markets.