Heineken (OTCMKTS:HEINY) Price Target Raised to €105.00

Heineken (OTCMKTS:HEINYGet Rating) had its price objective increased by research analysts at Deutsche Bank Aktiengesellschaft from €97.00 ($104.30) to €105.00 ($112.90) in a note issued to investors on Friday, The Fly reports.

Several other equities analysts also recently weighed in on the company. Morgan Stanley dropped their price target on Heineken from €100.00 ($107.53) to €95.00 ($102.15) and set an “equal weight” rating for the company in a research report on Monday, April 11th. Barclays downgraded Heineken from an “equal weight” rating to an “underweight” rating in a research report on Monday, March 28th. Credit Suisse Group lifted their price objective on Heineken from €120.00 ($129.03) to €121.00 ($130.11) in a research report on Friday. Zacks Investment Research downgraded Heineken from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Finally, HSBC raised Heineken from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.60.

Heineken stock traded up $0.10 during mid-day trading on Friday, hitting $50.79. 44,495 shares of the company were exchanged, compared to its average volume of 59,213. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.79. The business’s 50 day simple moving average is $48.86 and its two-hundred day simple moving average is $52.48. Heineken has a 12-month low of $42.59 and a 12-month high of $61.88.

Heineken Company Profile (Get Rating)

Heineken N.V. engages in the brewing and selling of beer and cider. It also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Birra Moretti, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Follow The Fox, Cidrerie Stassen, Bulmers, Old Mout, and Blind Pig brands.

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