Why Coca-Cola Enterprises, Inc. (NYSE:CCE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $44.62 on Coca-Cola Enterprises, Inc. (NYSE:CCE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.28 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Coca-Cola Enterprises, Inc. (NYSE:CCE) stands at 26.56. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Coca-Cola European Partners plc, the PEG ratio for coming 3-5 years is 1.83. Technical Analysis The technical analysis highlights that Coca-Cola European Partners plc current price is trading $1.27 points away +3.44% from $36.98, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $46.41 and, for now, the stock price is trading $-8.16 or -17.59% away from that point. The 52-week high of Coca-Cola Enterprises, Inc. (NYSE:CCE) was $54.54 while lowest point recorded in 52-week was $33.67. It implies if stock price makes a movement of over $-16.29, it will record a new 52-week high. In the case of $+13.60% points drop, it will touch a new 52-week low.

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