Coca-Cola Enterprises Inc. (NYSE:CCE)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $37.79, but opened at $37.83. Coca-Cola Enterprises shares last traded at $38.21, with a volume of 1,416,362 shares trading hands.

Several research firms have issued reports on CCE. Vetr cut shares of Coca-Cola Enterprises from a “strong-buy” rating to a “buy” rating and set a $58.52 target price on the stock. in a research note on Thursday, May 5th. Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a research note on Thursday, April 28th. Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a research note on Sunday, June 26th. Stifel Nicolaus upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday, April 14th. They noted that the move was a valuation call. Finally, Credit Agricole SA lowered their target price on shares of Coca-Cola Enterprises from $60.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 1st. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Enterprises has a consensus rating of “Buy” and an average target price of $50.81.

The company has a market capitalization of $18.74 billion and a price-to-earnings ratio of 26.67. The stock’s 50 day moving average price is $36.60 and its 200 day moving average price is $45.51.

A number of large investors have modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of 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 valued at $1,408,000 after buying an additional 1,074 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Coca-Cola Enterprises by 2.8% in the fourth quarter. Stephens Inc. AR now owns 35,889 shares of the company’s stock valued at $1,767,000 after buying an additional 961 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of 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 valued at $6,749,000 after buying an additional 48,775 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Coca-Cola Enterprises by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 144,422 shares of the company’s stock valued at $7,111,000 after buying an additional 3,304 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Coca-Cola Enterprises by 3.8% in the fourth quarter. American International Group Inc. now owns 159,901 shares of the company’s stock valued at $7,874,000 after buying an additional 5,887 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.