NewAge – Consensus Indicates Potential 76.7% Upside

Broker Ratings

NewAge found using ticker (NBEV) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 5 and 5 calculating the average target price we see 5. Now with the previous closing price of 2.83 this indicates there is a potential upside of 76.7%. There is a 50 day moving average of 2.99 and the 200 moving average now moves to 2.23. The company has a market capitalisation of $358m. You can visit the company’s website by visiting: http://www.newagebev.com

New Age Beverages Corporation develops, markets, sells, and distributes healthy liquid dietary supplements and ready-to-drink (RTD) beverages. The company offers RTD tea, coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages. It provides its products under the Xing Tea, Marley, Búcha Live Kombucha, Coco-Libre, Evian, Volvic, Tahitian Noni Juice, TruAge, Aspen Pure, PediaAde, Coco Libre, BioShield, and NHANCED brands. The company sells its products across 50 states in the United States; and approximately 60 countries internationally through direct-store-delivery systems, brokers and distributors, warehouses, independent product consultants, and e-commerce sites, as well as through grocery retail, natural food retail, specialty outlets, hypermarkets, club stores, pharmacies, convenience stores, gas stations, and individual independent distributors. New Age Beverages Corporation was founded in 2010 and is headquartered in Denver, Colorado.

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