Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has been downgraded to Neutral in a report by Goldman Sachs Group Inc. today.
- Updated: October 10, 2016
Goldman Sachs Group Inc. has downgraded Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) to Neutral in a report released on 10/10/2016.
Displaying a price of $38.85, Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) traded -2.50% lower on the day. With the last stock close price down -11.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. CCE has recorded a 50-day average of $39.27 and a two hundred day average of $42.88. Volume of trade was down over the average, with 1,082,045 shares of CCE changing hands under the typical 2,387,770
With a total market value of $0, Coca-Cola European Partners plc Ordinary Shares has price-earnings ratio of 28.63 with a one year low of $33.67 and a one year high of $54.54 .
A total of 16 firms have released a research note on CCE. 2 brokerages rating the company a strong buy, 2 brokers rating the stock a buy, 13 brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally one analyst rating the company a sell with a one year target of $47.96.
Brief Synopsis About Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE)
Coca-Cola European Partners plc (Orange) is an independent Coca-Cola bottler. The Company is formed to act as the holding company for the group to be formed by the combination of White, a company that owns the Coca-Cola bottling operations in Great Britain, continental France, Monaco, Belgium, Luxembourg, the Netherlands, Sweden and Norway; Olive, a company that owns the Coca-Cola bottling operations in Spain, Portugal and Andorra, and Black, a company that owns the Coca-Cola bottling operations in Germany (the Combination). The Company's segments are Europe and Corporate. White is The Coca-Cola Company (TCCC)'s bottling partner in Western Europe and is an independent Coca-Cola bottler. Olive is TCCC's bottling partner for Spain, Portugal and Andorra, and operates in these territories under product bottling and distribution agreements with TCCC. Black is an indirect subsidiary of TCCC, and is TCCC's bottling partner in Germany. Orange is a subsidiary of Olive HoldCo.
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