Coca-Cola Europacific Partners (LON:CCEP) Shares Up 1.8% – Time to Buy?

Coca-Cola Europacific Partners PLC (LON:CCEP)’s stock price shot up 1.8% on Tuesday . The stock traded as high as GBX 6,930 and last traded at GBX 6,865. 93,464 shares were traded during mid-day trading, a decline of 99% from the average session volume of 9,047,453 shares. The stock had previously closed at GBX 6,743.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 8,320 target price on shares of Coca-Cola Europacific Partners in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Buy” and an average price target of GBX 8,320.

Coca-Cola Europacific Partners Price Performance

The firm’s 50-day moving average is GBX 7,089.26 and its 200-day moving average is GBX 7,017.98. The company has a debt-to-equity ratio of 143.28, a current ratio of 0.80 and a quick ratio of 0.66. The company has a market capitalization of £30.84 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is the world’s largest independent Coca-Cola bottler by revenue. Our employees make, sell and distribute the world’s most loved drinks brands, serving a consumer population of more than 600 million across 29 markets.