Royal Unibrew A/S (OTCMKTS:ROYUF) Trading 1.7% Higher – Time to Buy?

Shares of Royal Unibrew A/S (OTCMKTS:ROYUF) rose 1.7% during trading on Tuesday . The stock traded as high as $64.30 and last traded at $64.30. Approximately 200 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 250 shares. The stock had previously closed at $63.25.

Wall Street Analyst Weigh In

ROYUF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded shares of Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Royal Unibrew A/S Trading Up 1.7%

The firm’s 50 day moving average is $67.66 and its two-hundred day moving average is $71.19.

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.