Carlsberg: RBC Capital Markets still at "sector perform".
(CercleFinance.com) - While the broker thinks that the Danish brewer is doing the right things and making good progress, RBC notes that the business is structurally disadvantaged relative to many of its fast-moving consumer goods peers, and points out that the share's valuation is no longer "cheap".
However, the broker has increased its target price for the share from 650 Danish kroner to 710 Danish kroner, largely due to a slight increase in its revenue growth forecast for 2019.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
However, the broker has increased its target price for the share from 650 Danish kroner to 710 Danish kroner, largely due to a slight increase in its revenue growth forecast for 2019.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.