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Barclays Sticks to Its Hold Rating for Molson Coors (TAP)

In a report issued on July 18, Lauren Lieberman from Barclays maintained a Hold rating on Molson Coors (TAPResearch Report), with a price target of $55.00. The company’s shares closed last Tuesday at $58.57, close to its 52-week high of $59.38.

According to TipRanks.com, Lieberman is a 3-star analyst with an average return of 1.9% and a 52.9% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola Europacific Partners, and The Estée Lauder Companies.

The word on The Street in general, suggests a Hold analyst consensus rating for Molson Coors with a $55.20 average price target, implying a -5.8% downside from current levels. In a report issued on July 13, Redburn Partners also upgraded the stock to Hold.

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Molson Coors’ market cap is currently $12.61B and has a P/E ratio of 11.78.

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Molson Coors Beverage Co. is a holding company, which engages in the provision of beer. It operates through the following segments: United States, Canada, Europe, International, and Corporate. The United States segment consists of production, marketing and sales of its brands, and other owned and licensed brands in the United States. The Canada segment includes production, marketing and sales of its brands, and other owned and licensed brands in Canada. The Europe segment comprises of production, marketing and sales of its brands as well as a number of regional brands in the United Kingdom, Republic of Ireland, and Central Europe. The International segment focuses its operations on Latin America, Europe, Asia Pacific, and Africa. The Corporate segment represents interest and certain other general and administrative costs that are not allocated to any of the operating segments. It operates under the brands Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, taropramen, Carling, Molson Canadian, Creemore Springs, Cobra, Doom Bar, Henry’s Hard and Leinenkugel’s. The company was founded in 1786 and is headquartered in Denver, CO.

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