Societe Generale Initiates Coverage on Coca-Cola Enterprises (CCE)

By admin | 6 years ago

Research analysts at Societe Generale assumed coverage on shares of Coca-Cola Enterprises (NYSE: CCE) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Shares of Coca-Cola Enterprises traded up 0.13% during mid-day trading on Wednesday, hitting $27.255. Coca-Cola Enterprises has a 52 week low of $23.03 and a 52 week high of $30.73. The company has a market cap of $8.177 billion and a P/E ratio of 11.57.

Coca-Cola Enterprises last announced its earnings results on Thursday, April 26th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.03. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Coca-Cola Enterprises will post $0.76 earnings per share next quarter.

A number of other analysts have also recently weighed in on CCE. Analysts at Stifel Nicolaus raised their price target on shares of Coca-Cola Enterprises from $32.00 to $33.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Friday, April 27th. They now have a $31.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note to investors on Friday, February 24th. They now have a $30.00 price target on the stock.

Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages.

About the author