United Breweries Keeps Moving Ahead
South America's consumer class has made substantial economic strides in the past 20 years, and Compania Cervecerias Unidas (NYSE: CCU) has capitalized on the increased demand for the wide array of beverages that it distributes. Between beer, wine, soft drinks, and other produces, the Chilean company known in the U.S. by its translated name of United Breweries has been able to forge a solid strategic plan to produce substantial growth. Those gains haven't come without occasional bumps in the road, but the beverage specialist has successfully navigated downturns to emerge stronger.
Coming into Wednesday's third-quarter financial report, United Breweries investors were hoping to see continued signs of progress from the company. The beverage maker once again produced encouraging results that gave it more confidence in its long-term future. Let's look more closely at United Breweries and how it did during its home nation's winter months.
Image source: Compania Cervecerias Unidas.
Source: Fool.com
Compañía de Cervecerías Unidas S.A. ADR Stock
Currently there is a rather positive sentiment for Compañía de Cervecerías Unidas S.A. ADR with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 13 € shows a positive potential of 33.33% compared to the current price of 9.75 € for Compañía de Cervecerías Unidas S.A. ADR.
