Heineken: shares not expensive, Jefferies says
(CercleFinance.com) - Jefferies maintains its "buy" rating on the Heineken share, with a target price of 110 euros, saying that the Dutch brewer offers superior top-line growth in the beer sector.
Pointing out that consensus has been reduced, the US broker believes that the shares should re-rate on guidance delivery.
Jefferies thinks that the shares are not expensive, given the group's level of growth.
The stock is currently down 0.4% at 97.7 euros on Euronext Amsterdam.
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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.
Pointing out that consensus has been reduced, the US broker believes that the shares should re-rate on guidance delivery.
Jefferies thinks that the shares are not expensive, given the group's level of growth.
The stock is currently down 0.4% at 97.7 euros on Euronext Amsterdam.
Copyright (c) 2019 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.