Coca-Cola Europacific Partners (LON:CCEP) Trading Up 1.5% - What's Next?

Key Points

• Coca-Cola Europacific Partners shares increased by 1.5%, trading at GBX 7,530 ($99.84), with a notable drop in trading volume.
• Deutsche Bank raised its price target for Coca-Cola Europacific Partners from GBX 7,760 to GBX 7,950, maintaining a "buy" rating.
• The company has a market cap of £41.73 billion and a PE ratio of 25.90, indicating robust valuation metrics despite a relatively low trading volume.

Coca-Cola Europacific Partners PLC (LON:CCEP - Get Free Report) shares traded up 1.5% on Wednesday . The stock traded as high as GBX 7,530 ($99.95) and last traded at GBX 7,530 ($99.95). 127,117 shares changed hands during trading, a decline of 61% from the average session volume of 327,940 shares. The stock had previously closed at GBX 7,420 ($98.49).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from GBX 7,760 ($103.00) to GBX 7,950 ($105.52) and gave the stock a "buy" rating in a research note on Tuesday, July 8th.

Coca-Cola Europacific Partners Stock Performance

The company has a market cap of £40.79 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.94 and a beta of 0.75. The firm's 50 day simple moving average is GBX 6,969.60 and its 200-day simple moving average is GBX 6,725.44. The company has a debt-to-equity ratio of 144.80, a quick ratio of 0.66 and a current ratio of 0.85.

Coca-Cola Europacific Partners Company Profile

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.