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2126 GMT - Hartleys views Gage Roads as "a very real takeover target" as global brewers vie for craft-beer brands amid slowing sales of mass-produced ale. Recent acquisitions of independent Australian brewers have included Mountain Goat by Asahi in 2015, Byron Bay Brewing by Lion in 2016, 4 Pines and Pirate Life by AB-Inbev in 2017 and Feral Brewing by Coca-Cola Amatil last year. Hartleys starts Gage Road at accumulate with a price target of A$0.13/share, adding that it sees potential for its valuation to rise to A$0.16-A$0.21 if a bid emerges. Gage Road shares ended trading Monday at A$0.097. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
December 10, 2018 16:26 ET (21:26 GMT)
Hartleys views Gage Roads as "a very real takeover target"
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Last
30.0¢ |
Change
0.015(5.26%) |
Mkt cap ! $39.63M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 29.0¢ | $1.149M | 3.994M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7537 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 5335 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GDA (ASX) Chart |