Craft Brew Alliance Stock Rating Upgraded by Zacks (BREW)
Craft Brew Alliance (NASDAQ:BREW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm currently has a $13.30 price target on the stock. Zacks‘ price target suggests a potential upside of 2.31% from the company’s current price.
Shares of Craft Brew Alliance (NASDAQ:BREW) traded up 1.34% during mid-day trading on Wednesday, hitting $13.174. The stock had a trading volume of 38,146 shares. Craft Brew Alliance has a 52-week low of $5.62 and a 52-week high of $14.00. The stock has a 50-day moving average of $12. and a 200-day moving average of $9.35. The company has a market cap of $249.5 million and a P/E ratio of 650.00.
Separately, analysts at Roth Capital raised their price target on shares of Craft Brew Alliance from $11.00 to $12.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock.
Craft Brewers Alliance, Inc produces craft-brewed beers. The Company’s products include distinct brand names Redhook E.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.