Barclays Keeps a Buy Rating on Coca-Cola Europacific Partners (CCEP)

In a report issued on October 12, Lauren Lieberman from Barclays maintained a Buy rating on Coca-Cola Europacific Partners (CCEPResearch Report), with a price target of $76.00. The company’s shares closed last Wednesday at $54.25.

According to TipRanks.com, Lieberman is a 2-star analyst with an average return of 1.0% and a 51.2% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Reynolds Consumer Products, and Edgewell Personal Care.

Currently, the analyst consensus on Coca-Cola Europacific Partners is a Moderate Buy with an average price target of $66.89, which is a 25.3% upside from current levels. In a report issued on October 6, Kepler Capital also maintained a Buy rating on the stock with a EUR59.00 price target.

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Coca-Cola Europacific Partners’ market cap is currently $24.29B and has a P/E ratio of 32.60. The company has a Price to Book ratio of -1.99.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.

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Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.