In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Ambev SA, with a price target of $2.50. The company’s shares closed yesterday at $2.17.
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According to TipRanks, Theurer is a 3-star analyst with an average return of 3.4% and a 47.83% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Hormel Foods, Coca Cola Femsa SAB De CV, and Pilgrim’s Pride.
Currently, the analyst consensus on Ambev SA is a Moderate Buy with an average price target of $2.90.
ABEV market cap is currently $34.58B and has a P/E ratio of 13.18.
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