Analysts Set $14.30 Target Price for Tsingtao Brewery Company Limited (TSGTY)
Tsingtao Brewery Company Limited (NASDAQ:TSGTY) has been given a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation and one has issued a hold recommendation on the company.
Brokerages have set a 1 year consensus target price of $14.30 for the company, according to Zacks. Zacks has also given Tsingtao Brewery Company Limited an industry rank of 77 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Tsingtao Brewery Company Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
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Shares of Tsingtao Brewery Company Limited (NASDAQ:TSGTY) traded down 0.43% on Wednesday, reaching $20.79. The company had a trading volume of 499 shares. Tsingtao Brewery Company Limited has a one year low of $16.38 and a one year high of $25.52. The company’s 50-day moving average is $19.60 and its 200-day moving average is $18.35. The company has a market capitalization of $2.81 billion and a PE ratio of 11.81.
About Tsingtao Brewery Company Limited
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