Kepler Capital Sticks to Their Buy Rating for Heineken NV (0O26)
In a report released on December 8, Richard Withagen from Kepler Capital maintained a Buy rating on Heineken NV, with a price target of €76.00. The company’s shares closed last Monday at €68.08.
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According to TipRanks, Withagen is an analyst with an average return of -3.0% and a 38.60% success rate. Withagen covers the Consumer Defensive sector, focusing on stocks such as Diageo, Coca-Cola Europacific Partners, and Pernod Ricard.
Currently, the analyst consensus on Heineken NV is a Strong Buy with an average price target of €92.80, a 36.31% upside from current levels. In a report released on November 28, Deutsche Bank also upgraded the stock to a Buy with a €84.00 price target.
Based on Heineken NV’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €7.09 billion and a net profit of €372 million. In comparison, last year the company earned a revenue of €14.82 billion and had a GAAP net loss of €95 million
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