JP Morgan Initiates Coverage On Molson Coors Brewing Company to Neutral with Price Target $105

JP Morgan Initiates Coverage On Molson Coors Brewing Company(TAP). In a research note issued to the investors, the brokerage major Announces the price-target to $105 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, Credit Suisse said it Initiates Coverage On Molson Coors Brewing Company, according to a research note issued on Jan 23, 2017. In the research note, the firm Announces the price-target to $106 per share. The shares have been rated ‘Neutral’ by the firm.

Molson Coors Brewing Company (TAP) shares turned negative on Fridays trading session with the shares closing down -0.23 points or -0.24% at a volume of 5,86,677. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $97.73. The peak price level was also seen at $97.73 while the days lowest was $96.74. Finally the shares closed at $97.02. The 52-week high of the shares is $112.19 while the 52-week low is $89.4. According to the latest information available, the market cap of the company is $20,856 M.

Molson Coors Brewing Company(TAP) last announced its earnings results on Feb 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.294B. Analysts had an estimated revenue of $2.580B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.89.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Brian Tabolt (VP,Controller & Chf Acct Off) sold 1,806 shares at $98.13 per share price.Also, On Feb 23, 2017, Simon Cox (Pres&CEO, Molson Coors Europe) sold 433 shares at $100.33 per share price.On Nov 25, 2016, Mark Hunter (Pres & CEO) sold 5,851 shares at $100.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); Molson Coors Europe (Europe segment) operating in Bosnia-Herzegovina Bulgaria Croatia Czech Republic Hungary Montenegro Republic of Ireland Romania Serbia Slovakia and the United Kingdom (U.K.) and Molson Coors International (MCI) operating in various other countries.

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