Molson Coors Brewing Co (NYSE:TAP) stock price target increased to $125.00, issued a research note today by Zacks Investment Research
- Updated: October 4, 2016
Having a price of $108.63, Molson Coors Brewing Co (NYSE:TAP) traded -0.02% lower on the day. With the last stock price up 8.95% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TAP has recorded a 50-day average of $103.36 and a two hundred day average of $99.73. Trade Volume was down over the average, with 454,357 shares of TAP changing hands under the typical 2,301,710
In a report announced on 10/04/2016 Zacks Investment Research upped the target of Molson Coors Brewing Co (NYSE:TAP) to $125.00 reporting a potential upside of 0.15%.
On 9/21/2016, Susquehanna released a statement about Molson Coors Brewing Co (NYSE:TAP) upped the target price from $129.00 to $159.00 that suggested an upside of 0.56%.
Recent Performance Chart
Molson Coors Brewing Co has 52 week low of $78.17 and a 52 week high of $111.24 with a P/E ratio of 56.33 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $106.56 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Molson Coors Brewing Co (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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