Morgan Stanley has downgraded its recommendation for Danish brewery group Royal Unibrew to equal weight from the previous overweight. The price target has been raised from 580 to 595 Danish kroner.
The downgrade is justified by the fact that the stock has shown strong price performance over the past six months and is now reasonably valued. This is according to Investing, which has reviewed the analysis.
Morgan Stanley forecasts that Royal Unibrew will achieve earnings per share of 34 Danish kroner for 2026. This corresponds to a price/earnings ratio of 17.2.
As of 14:20, the stock had fallen by 1.5 percent on the Copenhagen Stock Exchange.
Royal Unibrew A/S specializes in the production and marketing of beer and soft drinks. The group also offers malt beverages and carbonated drinks, as well as cider. The products are sold under the brands Royal Beer, Lapin Kulta, Cido, Craft, Faxe Kondi, Ceres, Faxe, Original Long Drink, Là?pl?sis, Vitamalt, Mangali, Novelle, Nikoline, Kalnapilis, Egekilde, Supermalt, Polar Monkeys, Lorina, Shaker, Mokaï, LemonSoda, Nohrlund, Power Malt, Fonti di Crodo, CULT, etc.
In 2025, Royal Unibrew A/S sold 18.1 million hectoliters of drinks.
Net sales are distributed geographically as follows: Denmark (32%), Finland (20.1%), Norway (10.6%), the Netherlands (9.5%), Italy (9.3%), Europe (15.5%) and other (3%).
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