Royal Unibrew A/S (OTCMKTS:ROYUF) Receives Average Recommendation of “Buy” from Brokerages

Shares of Royal Unibrew A/S (OTCMKTS:ROYUF) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating.

A number of equities research analysts have issued reports on ROYUF shares. Sanford C. Bernstein initiated coverage on Royal Unibrew A/S in a research report on Friday, November 21st. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Royal Unibrew A/S in a report on Friday, November 28th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Royal Unibrew A/S in a report on Friday, November 14th.

Royal Unibrew A/S Stock Performance

Shares of OTCMKTS ROYUF opened at $73.11 on Wednesday. The business’s fifty day simple moving average is $73.11 and its 200-day simple moving average is $73.73. Royal Unibrew A/S has a 12-month low of $73.11 and a 12-month high of $81.09.

Royal Unibrew A/S Company Profile

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.