Carlsberg A/S (CABGY) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Carlsberg A/S (NASDAQ:CABGY) from a hold rating to a buy rating in a report published on Monday. They currently have $26.00 price target on the stock.
According to Zacks, “Carlsberg A/S is a brewing company and has operations in Northern & Western Europe, Eastern Europe and Asia. Its beer portfolio includes more than 500 brands. The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlösschen in Switzerland, Lav in Serbia, and Wusu in western China. Carlsberg A/S is based in Copenhagen, Denmark. “
Several other analysts have also recently issued reports on CABGY. Berenberg Bank restated a hold rating on shares of Carlsberg A/S in a research note on Monday. Barclays PLC cut Carlsberg A/S from an equal weight rating to an underweight rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Carlsberg A/S presently has a consensus rating of Hold and an average price target of $26.00.
Carlsberg A/S (NASDAQ:CABGY) opened at 22.89 on Monday. Carlsberg A/S has a 52-week low of $16.30 and a 52-week high of $23.55. The firm has a market cap of $17.46 billion and a price-to-earnings ratio of 22.06. The firm’s 50-day moving average price is $22.61 and its 200 day moving average price is $20.83.
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Carlsberg A/S Company Profile
Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company’s portfolio consists of a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.
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