Several other equities analysts have also recently issued reports on OTLY. Piper Sandler reduced their target price on Oatly Group from $8.00 to $6.00 and set an overweight rating on the stock in a research note on Wednesday, August 3rd. Barclays reduced their target price on Oatly Group from $6.00 to $5.00 in a research note on Wednesday, August 3rd. Cowen dropped their price target on Oatly Group from $5.00 to $3.00 in a research report on Monday. Royal Bank of Canada dropped their price target on Oatly Group from $8.00 to $7.00 in a research report on Wednesday, November 16th. Finally, Mizuho dropped their price target on Oatly Group from $3.50 to $2.50 and set a neutral rating on the stock in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of 8.08.
Oatly Group Price Performance
OTLY opened at 1.83 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18. Oatly Group has a 52-week low of 1.78 and a 52-week high of 10.23. The stock’s 50 day moving average price is 2.40 and its 200-day moving average price is 3.24.
Institutional Investors Weigh In On Oatly Group
About Oatly Group
Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.
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