Heineken NV (HEINY) Lifted to Buy at Zacks Investment Research
Heineken NV (OTCMKTS:HEINY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $56.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.83% from the stock’s current price.
According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “
Separately, Stifel Nicolaus reissued a “hold” rating on shares of Heineken NV in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $56.00.
Shares of Heineken NV (OTCMKTS HEINY) traded down 0.74% during trading on Monday, hitting $49.63. 155,451 shares of the company were exchanged. Heineken NV has a 1-year low of $36.02 and a 1-year high of $53.35. The stock has a market capitalization of $28.29 billion, a PE ratio of 12.91 and a beta of 0.92. The company has a 50 day moving average of $51.86 and a 200-day moving average of $47.85.
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About Heineken NV
Heineken N.V. engages in brewing and selling beer. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.
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