Coca-Cola Enterprises (CCE) : The consensus on Coca-Cola Enterprises (CCE) based on 10 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
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. Coca-Cola Enterprises (NYSE:CCE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.08 and $37.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.41, notching a gain of 1.53% for the day. The total traded volume was 3,097,527 . The stock had closed at $37.83 on the previous day.
In a related news, Brock John, director officer (Chairman and CEO) of Coca-Cola Enterprises, Inc., unloaded 590,779 shares at an average price of $48.64 on March 1, 2016. The total amount of the transaction was worth $28,735,491, according to the disclosed information 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.