Shares of CARLSBERG AS/S (OTCMKTS:CABGY) traded down 1.8% on Tuesday . The company traded as low as $27.92 and last traded at $27.99, 43,912 shares were traded during trading. A decline of 37% from the average session volume of 69,698 shares. The stock had previously closed at $28.51.
A number of research analysts have weighed in on the stock. Bryan, Garnier & Co raised shares of CARLSBERG AS/S from a “neutral” rating to a “buy” rating in a research report on Monday, August 12th. Sanford C. Bernstein raised shares of CARLSBERG AS/S from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Finally, ValuEngine cut shares of CARLSBERG AS/S from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.00.
The business’s 50 day moving average price is $29.17 and its 200-day moving average price is $27.83.
CARLSBERG AS/S Company Profile (OTCMKTS:CABGY)
Carlsberg A/S produces and sells beer and other beverage products in Western Europe, Eastern Europe, and Asia. The company provides craft and specialty, and non-alcoholic beers; and soft drinks. It offers its products primarily under the Carlsberg, Baltika, Tuborg, birell, Ringnes, and other local brand names.
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