Coca-Cola Enterprises (NYSE: CCE) had its target price increased by Argus from $36.00 to $40.00 in a report released on Wednesday. Argus currently has a buy rating on the stock.
A number of other firms have also recently commented on CCE. Analysts at Sanford C. Bernstein raised their price target on shares of Coca-Cola Enterprises from $34.00 to $36.00 in a research note to investors on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $35.00 to $40.00 in a research note to investors on Friday, February 8th. They now have a buy rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Coca-Cola Enterprises in a research note to investors on Friday, February 8th. They now have a $37.00 price target on the stock.
Six investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, nine have given a hold rating, and one has issued an underweight rating to the stock. The company currently has a consensus rating of overweight and a consensus price target of $37.68.
Coca-Cola Enterprises traded up 0.95% on Wednesday, hitting $36.26. Coca-Cola Enterprises has a 1-year low of $26.05 and a 1-year high of $36.04. The stock’s 50-day moving average is currently $34.01. The company has a market cap of $10.123 billion and a price-to-earnings ratio of 15.96.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 21st. Shareholders of record on Friday, March 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a positive change from Coca-Cola Enterprises’s previous quarterly dividend of $0.16.
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