Bernstein Sticks to Its Buy Rating for Carlsberg AS (0AI4)

Bernstein analyst Trevor Stirling maintained a Buy rating on Carlsberg AS today and set a price target of DKK1,350.00. The company’s shares closed last Friday at DKK747.75.

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Stirling covers the Consumer Defensive sector, focusing on stocks such as Diageo, Pernod Ricard, and Molson Coors. According to TipRanks, Stirling has an average return of -2.3% and a 43.88% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carlsberg AS with a DKK1,006.83 average price target, implying a 34.65% upside from current levels. In a report released on October 3, Morgan Stanley also maintained a Buy rating on the stock with a DKK945.00 price target.

Based on Carlsberg AS’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of DKK22.93 billion and a net profit of DKK1.78 billion. In comparison, last year the company earned a revenue of DKK19.38 billion and had a net profit of DKK1.87 billion

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0AI4 in relation to earlier this year.