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UBS has raised its target price for Carlsberg shares from 810 DKK to 930 DKK, maintaining a 'neutral' recommendation, indicating a 6% upside potential. The firm anticipates organic sales and volume declines of -0.8% and -0.6%, respectively, due to calendar and Easter effects in Europe, though growth is expected in Asia.
UBS has raised its target price for Carlsberg from DKK 810 to DKK 930 while maintaining a 'neutral' recommendation, indicating a 6% upside potential for the stock. The broker anticipates organic sales and volume declines of -0.8% and -0.6%, respectively, due to calendar and Easter effects in Europe, though this may be partially offset by growth in Asia.
Analysts are focusing on Volkswagen, UBS, Julius Baer, and Carlsberg, with articles provided for informational purposes only. These do not constitute investment recommendations and carry risks, including potential total loss of capital. WallstreetONLINE disclaims any liability for the accuracy or completeness of the information, which reflects the views of independent authors and not its editorial team.
A Russian court has ordered Austrian bank Raiffeisen International to pay €2 billion in damages for a failed deal, marking a significant escalation in tensions between Russia and the West. The ruling, seen as a warning to Western companies, follows the collapse of a transaction involving a Russian-held stake in an Austrian automaker due to U.S. sanctions. This decision highlights the deteriorating relations between Russia and Austria, as well as the increasing risks for businesses operating in Russia amid ongoing geopolitical conflicts.
Russia has imposed a multibillion-dollar sanction against Raiffeisen Bank following a court ruling in Kaliningrad, marking a significant blow to the largest Western bank operating in the country. The ruling, which comes amid deteriorating relations between Russia and Austria, serves as a stark warning to Western companies about the risks of doing business in Russia. Raiffeisen, which has substantial assets in Russia, faces increasing pressure and potential asset seizures as Moscow retaliates against Western corporate presence.
UBS has reduced its target price for Carlsberg to DKK 800 from DKK 870 while maintaining a neutral stance on the company. Carlsberg A/S, a leading global beer producer, sold 101 million hectoliters of beer in 2023, primarily under the Carlsberg and Tuborg brands, and 24.1 million hectoliters of non-alcoholic beverages. The company's sales are distributed across Western Europe (50.7%), Asia (31.7%), and Eastern and Central Europe (17.6%).
UBS has reduced its target price for Carlsberg A/S to DKK 800 from DKK 870 while maintaining a neutral stance. The company is a major global beer producer, with 101 million hectoliters sold in 2023, primarily under the Carlsberg and Tuborg brands, and operates 71 breweries across various regions. Its net sales are predominantly from Western Europe (50.7%), followed by Asia (31.7%) and Eastern/Central Europe (17.6%).
UBS has reduced its target price for Carlsberg A/S to DKK 800 from DKK 870, maintaining a neutral stance on the company. Carlsberg, a leading global beer producer, sold 101 million hectoliters of beer in 2023, primarily under the Carlsberg and Tuborg brands, and also produced 24.1 million hectoliters of non-alcoholic beverages in 2022. The company operates 71 breweries across various regions, with net sales distributed as follows: Western Europe (50.7%), Asia (31.7%), and Eastern/Central Europe (17.6%).
Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to local firm VG Invest for $322 million, following the lifting of state control by President Putin. The deal, which includes cash and shareholdings in Carlsberg Azerbaijan and Kazakhstan, comes after Carlsberg accused the Russian government of "stealing" its business. Carlsberg's CEO stated this outcome is the best possible given the circumstances, while analysts noted that companies that exited the Russian market early fared better.
Carlsberg A/S shares rose by up to 3.9% following a decree from Russian President Vladimir Putin that ended government control over the brewer's Russian operations. The Kremlin's decision to exclude Baltika Breweries from temporary management has restored ownership to Carlsberg, although the company's shares are still down over 10% year-to-date.
Carlsberg A/S
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