Coca-Cola Europacific Partners (LON:CCEP) Reaches New 52-Week High – Should You Buy?

Coca-Cola Europacific Partners PLC (LON:CCEP) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 8,260 and last traded at GBX 8,230, with a volume of 256801 shares traded. The stock had previously closed at GBX 8,120.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Buy” and a consensus target price of GBX 8,320.

Coca-Cola Europacific Partners Stock Up 1.4%

The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 136.54. The company has a market capitalization of £36.44 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47. The business’s 50 day simple moving average is GBX 7,466.70 and its 200 day simple moving average is GBX 7,239.21.

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.