Molson Coors Brewing Company (TAP) : Traders are bullish on Molson Coors Brewing Company (TAP) as it has outperformed the S&P 500 by a wide margin of 5.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.44% in the last 1 week, and is up 3.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 2.34%.The 200 Day SMA reached 8.27% Molson Coors Brewing Company is up 2.9% in the last 3-month period. Year-to-Date the stock performance stands at 10.86%.
Molson Coors Brewing Company (TAP) : The most positive equity analysts on Molson Coors Brewing Company (TAP) expects the shares to touch $139, 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 $118 with an expected fluctuation of $19.67 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Molson Coors Brewing Company (NYSE:TAP): stock was range-bound between the intraday low of $102.17 and the intraday high of $103.28 after having opened at $102.9 on Fridays session. The stock finally closed in the red at $102.9, a loss of -0.83%. The stock remained in the red for the whole trading day. The total traded volume was 1,443,585 shares. The stock failed to cross $103.28 in Fridays trading. The stocks closing price on Thursday was $102.8.
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.