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Molson Coors Brewing (NYSE:TAP) stock price target increased to $78.00, issued a research note today by Berenberg

Having a price of $89.70, Molson Coors Brewing (NYSE:TAP) traded -0.47% lower on the day. With the last stock price down -3.28% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. TAP has recorded a 50-day average of $89.73 and a two hundred day average of $92.31. Trade Volume was down over the average, with 230,127 shares of TAP changing hands under the typical 1,525,810

Stating a potential downside of -0.13%, Berenberg upped the price target of Molson Coors Brewing (NYSE:TAP) to $78.00

Recent Performance Chart

Molson Coors Brewing (NYSE:TAP)

Molson Coors Brewing has PE ratio of 8.92 with a one year low of $85.34 and a one year high of $112.19 and has a market capitalization of $0.

A total of 9 brokerages have issued a ratings update on Molson Coors Brewing. One brokerage rating the company a strong buy, five brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $106.56.

General Company Details For Molson Coors Brewing (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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