A statement released earlier today by Susquehanna about Molson Coors Brewing (NYSE:TAP) bumps the target price to $159.00
- Updated: September 21, 2016
Stating as potential upside of 0.56%, Susquehanna upped the price target of Molson Coors Brewing (NYSE:TAP) to $159.00
Yesterday Molson Coors Brewing (NYSE:TAP) traded 2.00% higher at $102.20. The company’s 50-day moving average is $101.37 and its 200-day moving average is $98.71. The last stock close price is up 5.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 352,731 shares of the stock were exchanged, down from an average trading volume of 2,205,940
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Molson Coors Brewing has a 52 week low of $78.17 and a 52 week high of $107.55 with a P/E ratio of 54.0400 The company’s market cap is currently $0.
In addition to Susquehanna reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $106.56 with one equity analyst rating the company a strong buy, five equity analysts rating the company a buy, three equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Molson Coors Brewing (NYSE:TAP)
Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI). Its Canada segment consists of production, marketing and sales of its brands, including core brands Coors Light and the Molson brand family, as well as Carling, Coors Banquet, Rickard's and other owned and licensed brands in Canada. Its United States segment holds interest in MillerCoors, its joint venture with SABMiller for the United States operations. Its MCI segment includes Latin America, Asia, Europe and Australia.
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