Carlsberg: Barclays still 'overweight' on stock
(CercleFinance.com) - Barclays confirms its "overweight" recommendation on Carlsberg, having increased its target price from 975 Danish kronor to 1033 Danish kronor, the day after the Scandinavian brewer's Q1 results.
This publication has been marked by organic sales growth of 6.4%, with the broker highlighting a very positive performance in Asia, with organic sales growth of 15.3%.
It continues, saying that the group's international premium brands reported strong volume growth with a continuous upgrade in quality, pointing to a 7% increase in volumes for Tuborg, driven by China and India.
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.
This publication has been marked by organic sales growth of 6.4%, with the broker highlighting a very positive performance in Asia, with organic sales growth of 15.3%.
It continues, saying that the group's international premium brands reported strong volume growth with a continuous upgrade in quality, pointing to a 7% increase in volumes for Tuborg, driven by China and India.
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.