Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $26.65, but opened at $25.22. Tsingtao Brewery shares last traded at $25.22, with a volume of 206 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Analysis on TSGTY
Tsingtao Brewery Stock Down 5.4%
About Tsingtao Brewery
Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling beer under the Tsingtao brand. The company offers a range of lagers and other beer products, including its flagship Tsingtao beer and regional brands such as Laoshan. Its portfolio includes products designed for different tastes, occasions and price segments.
The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since expanded beyond its original facility through a broader brewing, distribution and sales network serving markets throughout mainland China.
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