Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Coca-Cola Europacific Partners (LON:CCEP)

Key Points

• Deutsche Bank reaffirmed a Buy rating on Coca‑Cola Europacific Partners with a GBX 8,320 price target, implying roughly an 18.4% upside from the recent close.
• CCEP traded at GBX 7,025 midday (12‑month range GBX 6,280–8,240) and shows a market cap of £31.3bn, a PE of 16.49, but relatively high leverage (debt‑to‑equity 143.28) and liquidity ratios below 1 (current 0.80, quick 0.66).

Coca-Cola Europacific Partners (LON:CCEP - Get Free Report)'s stock had its "buy" rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 8,320 price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 18.43% from the company's previous close.

Coca-Cola Europacific Partners Stock Performance

Shares of LON CCEP traded up GBX 25 during midday trading on Tuesday, hitting GBX 7,025. 151,456 shares of the company's stock were exchanged, compared to its average volume of 12,612,448. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 143.28. Coca-Cola Europacific Partners has a 12 month low of GBX 6,280 and a 12 month high of GBX 8,240. The company's 50 day moving average price is GBX 7,301.60 and its 200 day moving average price is GBX 6,944.08. The firm has a market capitalization of £31.30 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39.

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.

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