Goldman Sachs downgraded Coca-Cola European Partners (NYSE:CCE) from Buy to Neutral in a report released today.
- Updated: October 10, 2016
Boasting a price of $38.85, Coca-Cola European Partners (NYSE:CCE) traded -2.50% lower on the day. The last closing price is down -11.65% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $39.27 and a two hundred day average of $42.88. Trade Volume was down over the average, with 1,082,045 shares of CCE changing hands under the typical 2,387,770
Goldman Sachs has downgraded Coca-Cola European Partners (NYSE:CCE) from Buy to Neutral in a report released on 10/10/2016.
With a market capitalization of $0, Coca-Cola European Partners has 52 week low of $33.67 and a 52 week high of $54.54 with a PE ratio of 28.63 .
In addition to Goldman Sachs reporting its stock price target, a total of 16 analysts have released a report on the company. The average stock price target is $47.96 with two equity analysts rating the company a strong buy, 2 firms rating the stock a buy, thirteen analysts rating the company a hold, 0 brokers rating the company a underperform, and lastly one brokerage rating the stock a sell.
About Coca-Cola European Partners (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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