Analysts Set Heineken (OTCMKTS:HEINY) Price Target at $62.00

Heineken (OTCMKTS:HEINY) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $62.00.

Several brokerages recently weighed in on HEINY. The Goldman Sachs Group raised Heineken from a “neutral” rating to a “buy” rating in a research report on Thursday, July 13th. JPMorgan Chase & Co. raised Heineken from a “neutral” rating to an “overweight” rating in a research report on Tuesday, August 29th. Finally, Royal Bank of Canada lowered Heineken from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 30th.

Heineken Stock Down 0.7 %

Shares of HEINY opened at $48.38 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $52.62. Heineken has a twelve month low of $39.94 and a twelve month high of $58.23.

Heineken Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were given a $0.303 dividend. The ex-dividend date of this dividend was Thursday, August 10th.

Heineken Company Profile

Heineken N.V. brews and sells beer and cider in Europe, Americas, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company also provides soft drinks and water. It offers its beers under the Heineken, Amstel, Sol, Tiger, Birra Moretti, Pure Piraña, Desperados, Edelweiss, and Lagunitas brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Cidrerie Stassen, Bulmers, and Old Mout brands, as well as under regional and local brands.