Stock Mover of the Day: What Next for Coca-Cola European Partners plc Ordinary Shares Stock After Achieving 52 Week Low?

Stock Mover of the Day: What Next for Coca Cola European Partners plc Ordinary Shares Stock After Achieving 52 Week Low?

The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) hit a new 52-week low and has $31.86 target or 6.00% below today’s $33.89 share price. The 5 months bearish chart indicates high risk for the $16.28 billion company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $31.86 price target is reached, the company will be worth $976.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.45M shares traded hands. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has declined 37.28% since April 19, 2016 and is downtrending. It has underperformed by 41.14% the S&P500.

Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) Ratings Coverage

Out of 21 analysts covering Coca-Cola Enterprises Inc. (NYSE:CCE), 7 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 33% are positive. Coca-Cola Enterprises Inc. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. UBS maintained the shares of CCE in a report on Friday, July 31 with “Neutral” rating. The firm has “Sell” rating given on Thursday, August 6 by Argus Research. The company was upgraded on Tuesday, May 31 by Evercore. The rating was maintained by Deutsche Bank with “Buy” on Friday, June 10. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. The rating was maintained by CLSA with “Outperform” on Wednesday, June 1. Susquehanna upgraded the stock to “Neutral” rating in Friday, February 5 report. UBS maintained the stock with “Neutral” rating in Friday, February 12 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, June 1. The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has “Underperform” rating given on Thursday, August 13 by Credit Agricole.

According to Zacks Investment Research, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom.”

Insitutional Activity: The institutional sentiment increased to 0.14 in 2016 Q2. Its up 0.13, from 0.01 in 2016Q1. The ratio is positive, as 370 funds sold all Coca-Cola European Partners plc Ordinary Shares shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 1.93 million shares or 98.97% less from 187.11 million shares in 2016Q1.
Green Square Lc holds 0.23% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 26,654 shares. Gsa Cap Prtn Llp owns 54,974 shares or 0.11% of their US portfolio. The New York-based Focused Wealth Management has invested 0.02% in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). Caisse De Depot Et Placement Du Quebec last reported 683,383 shares in the company. Meeder Asset holds 0.01% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 4,133 shares. Tourbillon Ptnrs Limited Partnership holds 0.64% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 900,800 shares. Great West Life Assurance Can holds 0.02% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 135,084 shares. Ar Asset Mgmt has 27,000 shares for 0.4% of their US portfolio. Janney Montgomery Scott Ltd Limited Liability Company accumulated 0.06% or 70,809 shares. Palo Incorporated has invested 0.14% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). The New York-based Adirondack And Mngmt has invested 0.16% in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE).

More notable recent Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) news were published by: Businesswire.com which released: “COCA-COLA European Partners Plc: Voting Rights and Capital” on November 01, 2016, also Businesswire.com with their article: “Coca-Cola Enterprises, Inc. Announces Approval of Prospectus Prepared by Coca …” published on May 25, 2016, Businesswire.com published: “Coca-Cola European Partners Plc Admission to Listing and Trading” on June 02, 2016. More interesting news about Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) were released by: Businesswire.com and their article: “Coca-Cola European Partners: Voting Rights and Capital” published on June 30, 2016 as well as Benzinga.com‘s news article titled: “Coca-Cola European Partners Less Favorable Than Other Coke Bottlers -Credit Suisse” with publication date: September 15, 2016.

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