Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Here’s Why

Carlsberg AS (OTCMKTS:CABGY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $28.00, but opened at $30.01. Carlsberg AS shares last traded at $30.15, with a volume of 2,003 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on CABGY. Barclays upgraded shares of Carlsberg AS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Jefferies Financial Group lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Carlsberg AS Stock Down 1.5%

The company has a current ratio of 0.66, a quick ratio of 0.51 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $27.41.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.