Coca-Cola Enterprises (CCE) : The consensus price target for Coca-Cola Enterprises (CCE) is $46.31 for the short term with a standard deviation of $6.2. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $57, however, the pessimist price target for the company is $40.
Coca-Cola Enterprises (CCE) has shown a drop of 19.1% or 861,983 shares in the short positions. The bets have increased to 3,660,465 shares on June 30,2016 from 4,522,448 shares on June 15,2016. With respect to the floated shares, the shorts are 0.8%. The days to cover are calculated to be 1, using the standard per day volume of 5,163,278 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Deutsche Bank reinstates its rating on Coca-Cola Enterprises (NYSE:CCE). The global brokerage major announces a current price target of $47 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. 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 $36.27, the bulls momentum made the stock top out at $36.8 level for the day. The stock recorded a low of $36.21 and closed the trading day at $36.6, in the green by 1.64%. The total traded volume for the day was 2,534,631. The stock had closed at $36.01 in the previous days trading.
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.