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A statement released earlier today by Berenberg Bank about Molson Coors Brewing Company (NYSE:TAP) bumps the target price to $78.00

Berenberg Bank upped the price target of Molson Coors Brewing Company (NYSE:TAP) to $78.00 stating a potential downside of -0.12%.

Having a price of $88.68, Molson Coors Brewing Company (NYSE:TAP) traded -0.47% lower on the day. With the last close down -3.28% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Molson Coors Brewing Company has recorded a 50-day average of $89.73 and a two hundred day average of $92.31. Volume of trade was down over the average, with 230,127 shares of TAP changing hands under the typical 1,525,810

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Molson Coors Brewing Company (NYSE:TAP)

Molson Coors Brewing Company has a 52 week low of $85.34 and a 52 week high of $112.19 with a P/E ratio of 8.92 The company’s market cap is currently $0.

In addition to Berenberg Bank reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $106.56 with 1 firm rating the stock a strong buy, five equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.

General Information About Molson Coors Brewing Company (NYSE:TAP)

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. The Company brews, markets, sells and distributes a range of beer brands. The Company offers a portfolio of owned and partner brands, including Carling, Coors Light, Miller Lite, Molson Canadian and Staropramen, as well as craft and specialty beers, such as the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Creemore Springs, Cobra and Doom Bar.

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