Carlsberg AS (OTCMKTS:CABGY) Shares Gap Down – What’s Next?

Carlsberg AS (OTCMKTS:CABGY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $27.6160, but opened at $25.61. Carlsberg AS shares last traded at $26.09, with a volume of 2,272 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on CABGY shares. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday. BNP Paribas Exane raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Zacks Research raised shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Carlsberg AS Stock Down 3.1%

The company’s fifty day simple moving average is $28.68 and its 200 day simple moving average is $26.03. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

Carlsberg AS Company Profile

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.