Coca-Cola Europacific Partners (LON:CCEP) Trading 0.6% Higher - What's Next?

Key Points

• Coca-Cola Europacific Partners stock price increased by 0.6%, reaching GBX 6,670 ($89.41) after trading on Wednesday.
• Analysts at Deutsche Bank raised their price target for the company from GBX 7,950 to GBX 8,130 and maintained a "buy" rating.
• The company, with a market cap of £30.24 billion, is the world's largest independent Coca-Cola bottler by revenue, serving over 600 million consumers across 29 markets.

Coca-Cola Europacific Partners PLC (LON:CCEP - Get Free Report)'s share price shot up 0.6% during trading on Wednesday . The stock traded as high as GBX 6,750 ($90.48) and last traded at GBX 6,670 ($89.41). 177,069 shares traded hands during trading, a decline of 47% from the average session volume of 336,194 shares. The stock had previously closed at GBX 6,630 ($88.87).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from GBX 7,950 to GBX 8,130 and gave the company a "buy" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of "Buy" and a consensus target price of GBX 8,130.

Coca-Cola Europacific Partners Price Performance

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 firm has a market cap of £30.24 billion, a PE ratio of 1,997.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75. The firm has a 50-day simple moving average of GBX 6,654.53 and a 200 day simple moving average of GBX 6,777.91.

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.

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