The a2 Milk Company Limited (OTCMKTS:ACOPF – Get Free Report)’s share price rose 5.3% during trading on Thursday. The stock traded as high as $4.5750 and last traded at $4.5750. Approximately 1,035 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,726 shares. The stock had previously closed at $4.3450.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group started coverage on a2 Milk in a research report on Tuesday, June 23rd. They set a “buy” rating and a $7.90 target price on the stock. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $7.90.
Check Out Our Latest Research Report on a2 Milk
a2 Milk Price Performance
The business’s 50-day moving average is $4.68 and its two-hundred day moving average is $4.79.
About a2 Milk
The a2 Milk Company Limited is a New Zealand-based dairy and infant-nutrition company known for developing and marketing products made exclusively with the A2 type of beta-casein protein. The company’s portfolio includes fresh and powdered milk, infant formula, toddler nutrition products, and selected dairy products sold under brands such as a2 Milk and a2 Platinum.
Founded in New Zealand in 2000, the company built its business around the belief that some consumers may find milk containing only A2 beta-casein easier to digest than conventional milk containing both A1 and A2 proteins.
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