Coca-Cola Europacific Partners (LON:CCEP) Trading 0.8% Higher - Should You Buy?

Key Points

• Coca-Cola Europacific Partners shares increased by 0.8% on Friday, reaching a last traded price of GBX 6,590 ($88.98), despite a significant decline in trading volume.
• Deutsche Bank raised its price target for the company from GBX 7,950 to GBX 8,130, maintaining a "buy" rating on the stock.
• The company has an average price target of GBX 8,130, with a current market capitalization of £30.05 billion and a notable P/E ratio of 2,139.61.

Coca-Cola Europacific Partners PLC (LON:CCEP - Get Free Report)'s share price was up 0.8% on Friday . The stock traded as high as GBX 6,630 ($89.08) and last traded at GBX 6,590 ($88.54). Approximately 96,393 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 307,648 shares. The stock had previously closed at GBX 6,540 ($87.87).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Coca-Cola Europacific Partners from GBX 7,950 to GBX 8,130 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 8,130.

Coca-Cola Europacific Partners Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 144.80. The stock has a market cap of £29.59 billion, a P/E ratio of 2,107.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75. The firm's 50-day moving average is GBX 6,959.61 and its two-hundred day moving average is GBX 6,784.78.

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.