Coca-Cola Europacific Partners (LON:CCEP) Stock Price Down 11.1% - Here's What Happened

Key Points

• Coca-Cola Europacific Partners' shares plummeted by 11.1% to GBX 6,567.18 ($87.32), with over 6.2 million shares traded, marking a significant increase in trading volume.
• Deutsche Bank raised its price target for the stock from GBX 7,760 ($103.18) to GBX 7,950 ($105.70), maintaining a "buy" rating.
• The company's market capitalization stands at £36.41 billion with a debt-to-equity ratio of 144.80, indicating a heavy reliance on debt in its capital structure.

Coca-Cola Europacific Partners PLC (LON:CCEP - Get Free Report) shares were down 11.1% on Wednesday . The company traded as low as GBX 6,468.40 ($87.00) and last traded at GBX 6,567.18 ($88.33). Approximately 6,276,321 shares traded hands during mid-day trading, an increase of 1,634% from the average daily volume of 361,913 shares. The stock had previously closed at GBX 7,390 ($99.39).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from GBX 7,950 ($106.93) to GBX 8,130 ($109.35) and gave the stock a "buy" rating in a report on Thursday.

Coca-Cola Europacific Partners Trading Up 2.3%

The company has a 50-day moving average of GBX 7,011.41 and a 200 day moving average of GBX 6,748.56. The company has a debt-to-equity ratio of 144.80, a current ratio of 0.85 and a quick ratio of 0.66. The company has a market cap of £38.96 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75.

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.