Coca-Cola (NYSE:KO) Price Target & New Coverage by Deutsche Bank
Deutsche Bank issued Buy rating on Coca-Cola (NYSE:KO). The firm has initiated coverage on shares of KO in a research report released on Thursday morning. Deutsche Bank’s TP suggests upside of 13.09 % from the company’s current Stock price.
The initiation is well received by equity traders, as NYSE:KO is right now trading 0.37% higher at $46.87 as of 4:04 PM New York time. Coca-Cola’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has gained 6.00% over the same time.
According to data compiled by Thomson Reuters, Coca-Cola (NYSE:KO)’s stock is covered by 19 equity analysts across the Street, with 1 analysts giving it a Sell rating, 12 a Buy rating, while 12 consider it a Hold. The 12-month consensus target price for the stock is $47.95, which reflects an upside potential of 2.30% over the current price.
Coca-Cola (NYSE:KO) Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks. The Company’s segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments, and Corporate.
Coca-Cola (NYSE:KO) traded up 0.37% on 14 December, hitting $46.87. A total of 2.33M shares of the company’s stock traded hands. This is down from average of 8.30M shares. Coca-Cola has a 52 week low of $39.88 and a 52 week high of $46.98. The company has a market cap of $199.70B and a P/E ratio of 44.59.
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