RBC Capital analyst Nik Modi downgraded Oatly Group (OTLY – Research Report) to a Hold today and set a price target of $1.80. The company’s shares closed last Friday at $1.64.
Modi covers the Consumer Defensive sector, focusing on stocks such as Conagra Brands, Keurig Dr Pepper, and Energizer Holdings. According to TipRanks, Modi has an average return of 9.2% and a 64.00% success rate on recommended stocks.
In addition to RBC Capital, Oatly Group also received a Hold from Bank of America Securities’s Bryan Spillane in a report issued on July 28. However, on the same day, Barclays assigned a Buy rating to Oatly Group (NASDAQ: OTLY).
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OTLY market cap is currently $971.4M and has a P/E ratio of -2.47.
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Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets.
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