Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Sheng Siong Group Ltd. (SG:OV8 – Research Report), Lark Distilling Co. Ltd. (AU:LRK – Research Report) and Anheuser Busch InBev SA/NV (GB:0RJI – Research Report).
Sheng Siong Group Ltd. (SG:OV8)
DBS analyst DBS Vickers assigned a Buy rating to Sheng Siong Group Ltd. on July 31 and set a price target of S$1.76. The company’s shares closed yesterday at S$1.61.
Sheng Siong Group Ltd. has an analyst consensus of Strong Buy, with a price target consensus of S$1.91, a 16.5% upside from current levels. In a report issued on July 30, Phillip Securities also upgraded the stock to Buy with a S$1.98 price target.
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Lark Distilling Co. Ltd. (AU:LRK)
In a report issued on July 30, David Meehan from Moelis maintained a Hold rating on Lark Distilling Co. Ltd., with a price target of A$1.66. The company’s shares closed last Wednesday at A$1.47, close to its 52-week high of A$1.58.
According to TipRanks.com, Meehan is ranked #8318 out of 8533 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Lark Distilling Co. Ltd. with an A$1.66 average price target.
Anheuser Busch InBev SA/NV (GB:0RJI)
In a report released yesterday, Trevor Stirling from Bernstein maintained a Buy rating on Anheuser Busch InBev SA/NV, with a price target of EUR64.00. The company’s shares closed yesterday at EUR51.66.
According to TipRanks.com, Stirling is ranked #1702 out of 8533 analysts.
Anheuser Busch InBev SA/NV has an analyst consensus of Moderate Buy, with a price target consensus of EUR61.62, representing a 18.6% upside. In a report issued on July 20, Morgan Stanley also upgraded the stock to Buy with a EUR61.00 price target.
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