CCEP Stock Rides Moderate Buy Wave
Coca-Cola Europacific Partners (NASDAQ:CCEP) has received a 'Moderate Buy' rating from eleven sell-side brokerages, according to Marketbeat.com. Among these analysts, one has rated the stock as a sell, three have assigned a hold rating, and seven have issued a buy rating.
The average 12-month price objective among brokers is $108.44. Coca-Cola EuroPacific Partners has been a tasty play on Coke for investors.
Recently, Barclays increased its price target on CCEP shares from $114.00 to $119.00 and gave the company an 'overweight' rating in a research note on August 6th. UBS Group cut its rating to neutral with a lower target price of $107.00.
Various institutional investors have made changes to their positions in CCEP, including Norges Bank, which acquired a new stake worth around $363,294,000 during the fourth quarter.