Price Target Update on Coca-Cola Enterprises (NYSE:CCE)

Coca-Cola Enterprises (NYSE:CCE) : The highest short term price target forecast on Coca-Cola Enterprises (NYSE:CCE) is $57 and the lowest target price is $40. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $46.31 with a standard deviation of $6.2.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Deutsche Bank reinstates its outlook on Coca-Cola Enterprises (NYSE:CCE). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $47 per share. The rating by the firm was issued on June 10, 2016.

Coca-Cola Enterprises (NYSE:CCE): stock turned positive on Thursday. Though the stock opened at $37.76, the bulls momentum made the stock top out at $38 level for the day. The stock recorded a low of $37.12 and closed the trading day at $37.67, in the green by 0.86%. The total traded volume for the day was 6,305,366. The stock had closed at $37.35 in the previous days trading.

The company shares have dropped -16.01% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $54.54 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $45.58 and the 200 Day Moving Average price is recorded at $48.44. On the companys insider trading activities,The director officer (Chairman and CEO) of Coca-Cola Enterprises, Inc., Brock John sold 590,779 shares at $48.64 on March 1, 2016. The Insider selling transaction had a total value worth of $28,735,491. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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