Coca-Cola Enterprises Inc. (CCE) Sees Unusually-High Trading Volume
Coca-Cola Enterprises Inc. (NYSE:CCE) saw an uptick in trading volume on Friday . 2,123,647 shares changed hands during trading, an increase of 2% from the previous session’s volume of 2,082,006 shares.The stock last traded at $38.78 and had previously closed at $38.42.
A number of research firms have weighed in on CCE. Susquehanna reiterated a “hold” rating on shares of Coca-Cola Enterprises in a report on Saturday, June 4th. Vetr downgraded Coca-Cola Enterprises from a “strong-buy” rating to a “buy” rating and set a $58.52 price target on the stock. in a research note on Thursday, May 5th. Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a research note on Sunday, June 26th. Credit Agricole SA cut their price target on 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. Finally, Deutsche Bank AG restated a “buy” rating and issued a $47.00 price target on shares of Coca-Cola Enterprises in a research note on Friday, June 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Coca-Cola Enterprises presently has a consensus rating of “Buy” and a consensus target price of $50.81.
The stock has a market cap of $18.84 billion and a PE ratio of 26.81. The firm’s 50-day moving average is $37.54 and its 200-day moving average is $44.89.
A number of institutional investors have modified their holdings of the stock. BlackRock Advisors LLC raised its position 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. raised its position 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. Finally, State of Tennessee Treasury Department raised its position 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 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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