Molson Coors Brewing Co (NYSE:TAP) has been assigned an average rating of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $96.94.
A number of equities research analysts have recently commented on TAP shares. Deutsche Bank started coverage on shares of Molson Coors Brewing in a report on Wednesday, December 13th. They set a “buy” rating and a $89.00 price target for the company. Zacks Investment Research downgraded shares of Molson Coors Brewing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Barclays started coverage on shares of Molson Coors Brewing in a report on Wednesday, January 10th. They set an “overweight” rating and a $94.00 price target for the company. Berenberg Bank reiterated a “sell” rating and set a $76.00 price target on shares of Molson Coors Brewing in a report on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $116.00 price target on shares of Molson Coors Brewing in a report on Friday, December 22nd.
In related news, CFO Tracey Joubert sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief financial officer now directly owns 22,839 shares in the company, valued at $1,807,706.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Peter H. Coors sold 55,603 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the completion of the sale, the chairman now owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by insiders.
Shares of Molson Coors Brewing (NYSE TAP) traded down $0.07 during midday trading on Tuesday, hitting $75.70. 1,669,809 shares of the stock were exchanged, compared to its average volume of 1,390,000. The stock has a market capitalization of $17,480.00, a P/E ratio of 7.29, a PEG ratio of 1.99 and a beta of 0.79. Molson Coors Brewing has a 1-year low of $72.71 and a 1-year 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.
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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.
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