Royal Unibrew A/S (OTCMKTS:ROYUF) Stock Price Up 1.7% – Still a Buy?

Royal Unibrew A/S (OTCMKTS:ROYUF) shares rose 1.7% during trading on Tuesday . The company traded as high as $64.30 and last traded at $64.30. Approximately 200 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 250 shares. The stock had previously closed at $63.25.

Wall Street Analysts Forecast Growth

ROYUF has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Royal Unibrew A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group cut shares of Royal Unibrew A/S from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Royal Unibrew A/S currently has an average rating of “Moderate Buy”.

Royal Unibrew A/S Stock Performance

The stock has a fifty day simple moving average of $67.32 and a 200-day simple moving average of $71.07.

Royal Unibrew A/S Company Profile

Royal Unibrew A/S is a Denmark-based brewing and beverage group with its origins in the 1989 merger of regional breweries. Over the decades the company has built a diversified product portfolio encompassing beer, malt beverages, soft drinks, cider and water. Key beer brands include Royal, Faxe and Ceres, while its soft drink range features Faxe Kondi alongside a variety of flavored waters and energy drinks.

In beer, Royal Unibrew produces both traditional lagers and specialty craft-style brews.