Research analysts at Barclays boosted their price target on shares of Coca-Cola Enterprises (NYSE:CCE) from $44.00 to $47.00 in a report released on Thursday, Analyst Ratings News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would suggest a potential upside of 10.67% from the stock’s previous close.
A number of other analysts have also recently weighed in on CCE. Analysts at Deutsche Bank raised their price target on shares of Coca-Cola Enterprises from $40.00 to $45.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Separately, analysts at Argus raised their price target on shares of Coca-Cola Enterprises from $42.00 to $46.00 in a research note to investors on Monday, October 7th. 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 Wednesday, September 11th. They now have a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $43.63.
Shares of Coca-Cola Enterprises (NYSE:CCE) traded down 3.61% during mid-day trading on Thursday, hitting $40.935. 3,859,310 shares of the company’s stock traded hands. Coca-Cola Enterprises has a 52-week low of $28.82 and a 52-week high of $39.94. The stock has a 50-day moving average of $38.09 and a 200-day moving average of $36.98. The company has a market cap of $10.944 billion and a price-to-earnings ratio of 20.10.
Coca-Cola Enterprises (NYSE:CCE) last announced its earnings results on Thursday, October 24th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Coca-Cola Enterprises will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 5th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, November 20th.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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