Short Term Price Target on Molson Coors Brewing Company (TAP)

Molson Coors Brewing Company (NYSE:TAP) : The most positive equity analysts on Molson Coors Brewing Company (NYSE:TAP) expects the shares to touch $136, whereas, the least positive believes that the stock will trade at $100 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $116 with an expected fluctuation of $18.33 from the mean.

Molson Coors Brewing Company has lost 0.8% in the last five trading days and dropped 0.62% in the last 4 weeks. Molson Coors Brewing Company is up 4.73% in the last 3-month period. Year-to-Date the stock performance stands at 8.62%. 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) : 3 brokerage houses believe that Molson Coors Brewing Company (NYSE:TAP) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Molson Coors Brewing Company (NYSE:TAP). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Molson Coors Brewing Company (NYSE:TAP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.20 and $98.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.13, notching a gain of 2.73% for the day. The total traded volume was 2,938,321 . The stock had closed at $98.44 on the previous day.

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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