Barclays Raises Coca-Cola Europacific Partners (NYSE:CCEP) Price Target to €67.00

Coca-Cola Europacific Partners (NYSE:CCEPGet Rating) had its price target increased by Barclays to €67.00 ($72.04) in a report published on Friday morning, The Fly reports.

Several other research analysts have also weighed in on the company. StockNews.com began coverage on Coca-Cola Europacific Partners in a research report on Thursday, March 31st. They issued a buy rating on the stock. Bank of America cut their price objective on Coca-Cola Europacific Partners from $68.00 to $55.00 and set a buy rating on the stock in a research report on Wednesday, March 9th. Credit Suisse Group raised their price objective on Coca-Cola Europacific Partners to €59.00 ($63.44) in a research report on Thursday. ING Group assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, February 8th. They issued a buy rating and a $71.05 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Coca-Cola Europacific Partners from $66.00 to $59.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of $63.61.

Shares of CCEP opened at $49.95 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $49.20 and its 200 day simple moving average is $53.13. Coca-Cola Europacific Partners has a twelve month low of $42.33 and a twelve month high of $63.04.

Large investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $28,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $29,000. CWM LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $34,000. Standard Family Office LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $36,000. Finally, Desjardins Global Asset Management Inc. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $44,000.

About Coca-Cola Europacific Partners (Get Rating)

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.

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