Mizuho Securities analyst John Baumgartner maintained a Buy rating on Oatly Group (OTLY – Research Report) on July 27 and set a price target of $7.00. The company’s shares closed last Friday at $1.64.
According to TipRanks, Baumgartner is a 4-star analyst with an average return of 10.2% and a 66.67% success rate. Baumgartner covers the Consumer Defensive sector, focusing on stocks such as Kraft Heinz, Oatly Group, and General Mills.
In addition to Mizuho Securities, Oatly Group also received a Buy from Piper Sandler’s Michael Lavery in a report issued on July 28. However, today, RBC Capital downgraded Oatly Group (NASDAQ: OTLY) to a Hold.
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The company has a one-year high of $4.25 and a one-year low of $1.28. Currently, Oatly Group has an average volume of 3.31M.
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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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