Coca-Cola Enterprises (CCE) has risen sharply, recording gains of 2.39% in the past 4 weeks. However, the stock has corrected -0.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.94% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 3.75%.The 200 Day SMA reached 9.53%
Coca-Cola Enterprises (NYSE:CCE): After opening at $39.31, the stock dipped to an intraday low of $39.02 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.17 and the buying power remained strong till the end. The stock closed at $39.9 for the day, a gain of 2.23% for the day session. The total traded volume was 2,329,607. The stocks close on the previous trading day was $39.9.
Coca-Cola Enterprises (CCE) stock is expected to deviate a maximum of $5.82 from the average target price of $46.42 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.
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.