UBS Group Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target lifted by equities research analysts at UBS Group from $96.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 11.68% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Barclays increased their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $89.54 on Wednesday. The stock’s fifty day moving average is $86.07 and its two-hundred day moving average is $80.77. The stock has a market capitalization of $41.27 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners has a 1 year low of $70.82 and a 1 year high of $91.29.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $28,000. Optiver Holding B.V. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $33,000. 31.35% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.