Campari Group (OTCMKTS:DVDCF) Shares Gap Up – Here’s What Happened

Shares of Campari Group (OTCMKTS:DVDCF) gapped up prior to trading on Wednesday. The stock had previously closed at $6.77, but opened at $7.15. Campari Group shares last traded at $7.15, with a volume of 7,100 shares traded.

Analysts Set New Price Targets

Separately, UBS Group upgraded Campari Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Campari Group has an average rating of “Buy”.

Campari Group Stock Performance

The company’s 50-day moving average price is $6.83 and its 200 day moving average price is $6.72.

Campari Group Company Profile

Campari Group, officially Davide Campari-Milano N.V., is an Italy-based global beverage company that produces and markets premium spirits, aperitifs, cocktails and wines. Its portfolio includes internationally recognized brands such as Aperol, Campari, SKYY Vodka, Wild Turkey, Grand Marnier, Espolòn Tequila, Appleton Estate and Wray & Nephew.

The company traces its origins to 1860, when Gaspare Campari created the original Campari aperitif in Milan. Over time, Campari Group expanded through brand development and acquisitions, building a diversified portfolio across aperitifs, tequila, rum, bourbon, vodka, cognac and sparkling wines.

Campari Group is headquartered in Sesto San Giovanni, near Milan, Italy, and serves markets across Europe, North America, Latin America, Asia-Pacific and other international regions.