Analyst Rating Update on Molson Coors Brewing Company (TAP)

Molson Coors Brewing Company (NYSE:TAP) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Molson Coors Brewing Company (NYSE:TAP) : The consensus price target for Molson Coors Brewing Company (NYSE:TAP) is $116 for the short term with a standard deviation of $18.33. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $136, however, the pessimist price target for the company is $100.

For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup initiates coverage on Molson Coors Brewing Company (NYSE:TAP) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $97 per share. The rating by the firm was issued on April 8, 2016.

Molson Coors Brewing Company (NYSE:TAP): stock turned positive on Tuesday. Though the stock opened at $97.35, the bulls momentum made the stock top out at $98.575 level for the day. The stock recorded a low of $95.7 and closed the trading day at $96.64, in the green by 0.48%. The total traded volume for the day was 2,374,050. The stock had closed at $96.18 in the previous days trading.

In an insider trading activity, The (Pres & CEO Molson Coors Intl), of Molson Coors Brewing Co, Anand Krishnan had unloaded 2,260 shares at $102 per share in a transaction on June 1, 2016. The total value of transaction was $230,520. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 Sharps 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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