Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Budweiser Owner Could Double in 2021; Barclays Upgrades

Published 15/04/2021, 19:45
Updated 15/04/2021, 19:47
© Reuters.

By Christiana Sciaudone

Investing.com -- Anheuser Busch Inbev SA NV (BR:ABI) jumped almost 4% after Barclays (LON:BARC) said shares could double this year.

The firm upgraded the Budweiser maker to overweight from equal weight saying the company's margin potential is being underestimated, Seeking Alpha reported.

"With high leverage and a depressed rating, in our opinion ABI is the only beverage stock under our coverage with a share price that could theoretically double during 2021," Barclays said.     

Anheuser-Busch shares are up about 45% over the past 12 months, and the company has beaten estimates for the past three quarters. Its debt to equity ratio is 145%, compared to the industry average of 67%, according to data compiled by Investing.com.

Latest comments

scary ratio.. crazy levels.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.