Molson Coors Brewing (TAP) Given a $107.00 Price Target at Susquehanna Bancshares

Molson Coors Brewing (NYSE:TAP) has been given a $107.00 price target by research analysts at Susquehanna Bancshares in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Susquehanna Bancshares’ target price suggests a potential upside of 41.68% from the stock’s current price.

A number of other equities research analysts also recently commented on TAP. Zacks Investment Research raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Berenberg Bank reissued a “sell” rating and issued a $76.00 target price on shares of Molson Coors Brewing in a report on Friday, November 3rd. Citigroup reduced their target price on Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Deutsche Bank initiated coverage on Molson Coors Brewing in a report on Wednesday, December 13th. They issued a “buy” rating and a $89.00 target price for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $116.00 target price on shares of Molson Coors Brewing in a report on Friday, December 22nd. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Molson Coors Brewing currently has an average rating of “Buy” and a consensus price target of $96.61.

Shares of Molson Coors Brewing (NYSE TAP) traded up $1.31 during midday trading on Monday, hitting $75.52. The company had a trading volume of 448,757 shares, compared to its average volume of 1,343,918. Molson Coors Brewing has a 52-week low of $72.71 and a 52-week high of $102.14. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $15,984.83, a P/E ratio of 7.30, a PEG ratio of 1.99 and a beta of 0.79.

In other news, Chairman Peter H. Coors sold 55,603 shares of Molson Coors Brewing stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the transaction, the chairman now owns 319,222 shares of the company’s stock, valued at approximately $27,137,062.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracey Joubert sold 1,000 shares of Molson Coors Brewing stock in a transaction on Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the transaction, the chief financial officer now directly owns 22,839 shares of the company’s stock, valued at approximately $1,807,706.85. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. National Asset Management Inc. raised its stake in shares of Molson Coors Brewing by 8.1% during the 2nd quarter. National Asset Management Inc. now owns 2,868 shares of the company’s stock worth $248,000 after buying an additional 215 shares during the last quarter. WFG Advisors LP raised its stake in shares of Molson Coors Brewing by 14.0% during the 2nd quarter. WFG Advisors LP now owns 3,938 shares of the company’s stock worth $340,000 after buying an additional 483 shares during the last quarter. Hermes Investment Management Ltd. raised its stake in shares of Molson Coors Brewing by 9.4% during the 3rd quarter. Hermes Investment Management Ltd. now owns 7,738 shares of the company’s stock worth $632,000 after buying an additional 666 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Molson Coors Brewing by 58.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after buying an additional 686 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Molson Coors Brewing by 37.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,899 shares of the company’s stock worth $237,000 after buying an additional 787 shares during the last quarter. 76.90% of the stock is owned by institutional investors and hedge funds.

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About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Analyst Recommendations for Molson Coors Brewing (NYSE:TAP)

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