Heineken (OTCMKTS:HEINY) Hits New 1-Year High – Should You Buy?

Heineken NV (OTCMKTS:HEINY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.44 and last traded at $47.2510, with a volume of 17040 shares changing hands. The stock had previously closed at $46.29.

Analysts Set New Price Targets

A number of research analysts have issued reports on HEINY shares. Oddo Bhf cut shares of Heineken to a “neutral” rating in a report on Monday, January 26th. UBS Group raised Heineken to a “strong-buy” rating in a report on Monday, October 27th. BNP Paribas Exane lowered shares of Heineken from an “outperform” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Heineken in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Heineken Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.51. The stock has a 50-day moving average price of $40.72 and a 200 day moving average price of $40.13.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.