Brokerage Firm Rating Update on Coca-Cola Enterprises (CCE)

Coca-Cola Enterprises (CCE) has an average broker rating of 2.22, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Coca-Cola Enterprises (CCE) stock is expected to deviate a maximum of $5.83 from the average target price of $46.08 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $57 and the most muted being $40.


For the current week, the company shares have a recommendation consensus of Buy. Also, Societe Generale upgrades its view on Coca-Cola Enterprises (NYSE:CCE) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on July 19, 2016.

Coca-Cola Enterprises (NYSE:CCE): The stock opened at $39.68 and touched an intraday high of $40.37 on Wednesday. During the day, the stock corrected to an intraday low of $39.66, however, the bulls stepped in and pushed the price higher to close in the green at $40.16 with a gain of 2.29% for the day. The total traded volume for the day was 4,502,752. The stock had closed at $39.26 in the previous trading session.

Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The Company is The Coca-Cola Companys (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition, it purchases sweeteners, juices, mineral waters, finished product, carbon dioxide, fuel, PET (plastic) preforms, glass, aluminum and plastic bottles, aluminum and steel cans, pouches, closures, post-mix, and packaging materials. The Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.