Carlsberg A/S (OTCMKTS:CABGY) Receives $1,057.40 Consensus Target Price from Analysts

Posted by Andrew Walz on May 26th, 2023

Carlsberg A/S (OTCMKTS:CABGY – Get Rating) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $1,057.40.

CABGY has been the topic of a number of recent analyst reports. Kepler Capital Markets cut Carlsberg A/S from a “hold” rating to a “reduce” rating in a research note on Tuesday, May 9th. Sanford C. Bernstein lowered Carlsberg A/S from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 18th. Finally, Citigroup raised Carlsberg A/S from a “neutral” rating to a “buy” rating in a report on Monday, May 15th.

Carlsberg A/S Price Performance

OTCMKTS:CABGY opened at $31.16 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.59 and a current ratio of 0.70. The stock’s 50-day moving average is $31.84 and its 200-day moving average is $28.73. Carlsberg A/S has a 1-year low of $22.91 and a 1-year high of $33.70.

Carlsberg A/S Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 23rd. Investors of record on Wednesday, March 15th were issued a $0.5253 dividend. This is an increase from Carlsberg A/S’s previous dividend of $0.49. The ex-dividend date was Tuesday, March 14th. This represents a dividend yield of 1.82%.

Carlsberg A/S Company Profile

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Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Tuborg Green, 1664 Blanc, Baltika, and Somersby Apple Cider. It operates through the following geographical segments: Western Europe, Asia, and Central and Eastern Europe.