Heineken (OTCMKTS:HEINY) Shares Gap Down – Here’s What Happened

Heineken NV (OTCMKTS:HEINY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $40.91, but opened at $38.9901. Heineken shares last traded at $39.36, with a volume of 1,665 shares.

Analysts Set New Price Targets

HEINY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Heineken in a report on Thursday, February 12th. Zacks Research upgraded Heineken from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 26th. BNP Paribas Exane lowered Heineken from an “outperform” rating to a “hold” rating in a research report on Monday, January 12th. Oddo Bhf cut Heineken to a “neutral” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Heineken currently has an average rating of “Buy”.

Heineken Trading Down 2.2%

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.93 and a quick ratio of 0.69. The firm’s 50-day moving average is $42.37 and its 200 day moving average is $40.72.

About Heineken

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.