In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Ambev SA (ABEV – Research Report), with a price target of $2.50. The company’s shares closed yesterday at $2.37.
According to TipRanks, Theurer is a 4-star analyst with an average return of 5.4% and a 54.73% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Beyond Meat, and Pilgrim’s Pride.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ambev SA with a $3.14 average price target.
The company has a one-year high of $3.09 and a one-year low of $2.23. Currently, Ambev SA has an average volume of 13.35M.
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Ambev SA (ABEV) Company Description:
Ambev S.A. is a Brazilian brewing company that engages in production, distribution and selling of beer, carbonated soft drinks and other non-alcoholic and non-carbonated products. The company primarily operates in the Americas.
