Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) gapped up before the market opened on Tuesday . The stock had previously closed at $36.74, but opened at $36.80. Coca-Cola Enterprises shares last traded at $37.37, with a volume of 836,062 shares trading hands.

Several research firms have weighed in on CCE. Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Zacks Investment Research lowered Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Stifel Nicolaus upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, April 14th. They noted that the move was a valuation call. Evercore ISI upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Finally, Vetr upgraded Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $59.37 target price on the stock in a report on Monday, May 16th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Coca-Cola Enterprises currently has an average rating of “Buy” and an average target price of $50.81.

The company has a market cap of $18.64 billion and a P/E ratio of 26.53. The firm’s 50 day moving average price is $36.57 and its 200-day moving average price is $45.56.

Several institutional investors have bought and sold shares of CCE. State of Tennessee Treasury Department increased its position in Coca-Cola Enterprises by 55.2% in the fourth quarter. State of Tennessee Treasury Department now owns 137,075 shares of the company’s stock worth $6,749,000 after buying an additional 48,775 shares in the last quarter. Schroder Investment Management Group increased its position in Coca-Cola Enterprises by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 144,422 shares of the company’s stock worth $7,111,000 after buying an additional 3,304 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Coca-Cola Enterprises by 3.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 28,598 shares of the company’s stock worth $1,408,000 after buying an additional 1,074 shares in the last quarter. Principal Financial Group Inc. increased its position in Coca-Cola Enterprises by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 320,883 shares of the company’s stock worth $15,800,000 after buying an additional 1,826 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in Coca-Cola Enterprises by 25.7% in the fourth quarter. BlackRock Advisors LLC now owns 333,377 shares of the company’s stock worth $16,416,000 after buying an additional 68,197 shares in the last quarter.

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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