Barclays Sticks to Its Sell Rating for Carlsberg AS (0AI4)
Barclays analyst Laurence Whyatt maintained a Sell rating on Carlsberg AS on April 29 and set a price target of DKK784.00. The company’s shares closed last Wednesday at DKK836.00.
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According to TipRanks, Whyatt is a 3-star analyst with an average return of 1.9% and a 47.45% success rate.
Currently, the analyst consensus on Carlsberg AS is a Moderate Buy with an average price target of DKK1,041.75.
Based on Carlsberg AS’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of DKK43.24 billion and a net profit of DKK2.59 billion. In comparison, last year the company earned a revenue of DKK36.21 billion and had a net profit of DKK3.12 billion
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0AI4 in relation to earlier this year.
