Jefferies Sticks to Their Sell Rating for Molson Coors (TAP)
In a report released yesterday, Kevin Grundy from Jefferies maintained a Sell rating on Molson Coors (TAP). The company’s shares closed yesterday at $59.55.
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 7.7% and a 64.3% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Edgewell Personal Care.
Molson Coors has an analyst consensus of Moderate Buy, with a price target consensus of $65.67.
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The company has a one-year high of $74.25 and a one-year low of $54.17. Currently, Molson Coors has an average volume of 1.73M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.
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Molson Coors Brewing Co. is a holding company, which engages in the provision of beer. It operates through the following segments: United States, Canada, Europe, International, and Corporate. The United States segment consists of production, marketing and sales of its brands, and other owned and licensed brands in the United States.