a2 Milk (OTCMKTS:ACOPF) Shares Climb 5.3% – Here’s Why

The a2 Milk Company Limited (OTCMKTS:ACOPF) was up 5.3% during mid-day trading on Thursday. The company traded as high as $4.5750 and last traded at $4.5750. 1,035 shares changed hands during trading, a decline of 40% from the average session volume of 1,726 shares. The stock had previously closed at $4.3450.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of a2 Milk in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $7.90 target price on the stock. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $7.90.

a2 Milk Stock Up 5.3%

The stock has a fifty day moving average of $4.68 and a 200-day moving average of $4.79.

a2 Milk Company Profile

The a2 Milk Company Limited is a New Zealand-based dairy and infant-nutrition company known for developing and marketing products made exclusively with the A2 type of beta-casein protein. The company’s portfolio includes fresh and powdered milk, infant formula, toddler nutrition products, and selected dairy products sold under brands such as a2 Milk and a2 Platinum.

Founded in New Zealand in 2000, the company built its business around the belief that some consumers may find milk containing only A2 beta-casein easier to digest than conventional milk containing both A1 and A2 proteins.