Carlsberg AS (OTCMKTS:CABGY) Shares Gap Up – Should You Buy?

Carlsberg AS (OTCMKTS:CABGY) shares gapped up prior to trading on Monday. The stock had previously closed at $28.00, but opened at $30.01. Carlsberg AS shares last traded at $30.15, with a volume of 2,003 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CABGY shares. Barclays raised Carlsberg AS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Jefferies Financial Group lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Carlsberg AS Stock Up 3.4%

The company’s fifty day moving average is $27.08 and its 200 day moving average is $27.38. The company has a quick ratio of 0.51, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

Carlsberg AS Company Profile

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.