A statement released earlier today by Vetr Inc. about Anheuser Busch Inbev SA (ADR) (NYSE:BUD) bumps the target price to $137.50
- Updated: September 15, 2016
Having a price of $124.80, Anheuser Busch Inbev SA (ADR) (NYSE:BUD) traded 0.19% higher on the day. The last stock price close is up 1.48% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same period. The company has recorded a 50-day moving average of $125.21 and 200-day average of $124.62. Volume of trade was was down over the average, with 629,325 shares of BUD changing hands under the typical 1,408,320 shares.
Stating a possible upside of 0.10%, Vetr Inc. upped the price target of Anheuser Busch Inbev SA (ADR) (NYSE:BUD) to $138
A total of 5 analysts have issued a report on the stock. One analyst rate the company a strong buy, four firms rate the stock a buy, one firm rate the stock a hold, one analyst rate the stock to underperform, and lastly 0 firmsrate the stock as sell with a consensus target stock price of $136.34
With a total market value of $0.0, Anheuser Busch Inbev SA (ADR) has a one-year low of $103.19 and a 52 week high of $132.91 with a price-earnings ratio of 52.
More About Anheuser Busch Inbev SA (ADR) (NYSE:BUD)
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler. The Company’s soft drinks business consists of both own production and agreements with PepsiCo related to bottling and distribution arrangements between its various subsidiaries and PepsiCo. Ambev, which is a subsidiary of the Company, is a PepsiCo bottler. Brands that are distributed under these agreements are Pepsi, and 7UP and Gatorade.
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