Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) gapped down prior to trading 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 traded.

A number of brokerages have recently commented on CCE. Bank of America Corp. reaffirmed a “buy” rating and set a $58.00 target price (up from $56.00) on shares of Coca-Cola Enterprises in a research report on Friday, April 15th. Vetr raised shares of Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $58.52 target price on the stock in a research report on Thursday, April 21st. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola Enterprises in a research report on Thursday, April 28th. Credit Agricole SA reaffirmed an “outperform” rating on shares of Coca-Cola Enterprises in a research report on Tuesday, May 17th. Finally, Evercore ISI raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Coca-Cola Enterprises currently has a consensus rating of “Buy” and a consensus price target of $50.81.

The firm has a market capitalization of $18.81 billion and a PE ratio of 26.77. The stock has a 50-day moving average of $36.63 and a 200 day moving average of $45.46.

A number of large investors have made changes to their positions in CCE. BNP Paribas Arbitrage SA increased its stake in shares of Coca-Cola Enterprises by 245.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 707,234 shares of the company’s stock valued at $34,824,000 after buying an additional 502,361 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Coca-Cola Enterprises by 25.7% in the fourth quarter. BlackRock Advisors LLC now owns 333,377 shares of the company’s stock valued at $16,416,000 after buying an additional 68,197 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Coca-Cola Enterprises by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 320,883 shares of the company’s stock valued at $15,800,000 after buying an additional 1,826 shares during the last quarter. 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 during the last quarter. Finally, 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 during 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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