Consensus Carlsberg A/S

Equities

CARL B

DK0010181759

Brewers

Market Closed - Nasdaq Copenhagen Other stock markets 16:20:00 06/02/2026 GMT			5-day change	1st Jan Change
962.00 ^DKK	+2.45%		+12.78%	+15.18%

02-06	Morgan Stanley Raises Price Target for Carlsberg to 1,015 Danish Kroner (from 940), Reiterates Overweight - BN	FW
02-06	Deutsche Bank Raises Carlsberg Target Price to 1,180 Danish Kroner (from 1,160), Reiterates Buy Recommendation	FW

Evolution of the Average Target: Carlsberg A/S

Evolution of the Target Price: Carlsberg A/S

Changes in Analyst Recommendations: Carlsberg A/S

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Analysts' recommendations: Carlsberg A/S

02-06	Morgan Stanley Raises Price Target for Carlsberg to 1,015 Danish Kroner (from 940), Reiterates Overweight - BN	FW
02-06	Deutsche Bank Raises Carlsberg Target Price to 1,180 Danish Kroner (from 1,160), Reiterates Buy Recommendation	FW
02-06	Berenberg Maintains Carlsberg Rating as FY25 Results Match Expectations	MT
02-05	Citigroup Raises Carlsberg Price Target to 1,090 Danish Kroner (from 1,040), Reiterates Buy - BN	FW
02-05	Nordea Bank Downgrades Carlsberg to Sell Rating	MT
02-05	Morningstar Downgrades Carlsberg to Hold, Raises PT	MT
02-05	RBC Raises Carlsberg Price Target, Estimates After FY25 Results	MT
02-05	Goldman Sachs Raises Carlsberg Price Target to 1,100 Danish Kroner (from 1,000), Reiterates Buy - BN	FW
02-05	Jyske Bank Raises Price Target for Carlsberg to 1,000 Danish Kroner (950), Reiterates Buy - BN	FW
02-05	Bernstein Raises Carlsberg Target Price to 1,430 Danish Kroner (from 1,390), Reiterates Outperform - BN	FW
02-05	Nordea Downgrades Carlsberg to Sell (Hold), Sets Price Target at 780 Danish Kroner	FW
02-05	BNP Paribas Exane Raises Carlsberg Price Target to 1,030 Danish Kroner (from 1,000), Reiterates Outperform - BN	FW
02-05	Barclays Raises Carlsberg Price Target to 785 Danish Kroner (from 769), Reiterates Underweight - BN	FW
02-04	CARLSBERG : FY25 broadly in line with signs of China volume stabilization
02-03	BofA: Carlsberg's FY25 Outcome to Align with Consensus, Deliver 'Conservative' FY26 Guidance	MT
02-02	Carlsberg Expected to Report Adjusted Operating Profit of DKK 13,810 Million for 2025 - Euroland	FW
01-29	DNB Carnegie Raises Carlsberg Target Price to 940 Danish Kroner (from 910), Reiterates Buy	FW
01-26	Oddo Raises Price Target for Carlsberg to 1,015 Danish Kroner (from 985), Reiterates Outperform - BN	FW
01-14	BofA Prefers Beer Sector Over Spirits – Upgrades Royal Unibrew to Buy	FW
01-13	Morgan Stanley Lowers Carlsberg Price Target to 940 Danish Kroner (from 945), Reiterates Overweight - BN	FW
01-12	BNP Paribas Upgrades Carlsberg to Outperform, Boosts PT	MT
01-12	Danske Bank Raises Carlsberg Target Price to 1,170 Danish Kroner (from 1,100), Reiterates Buy - BN	FW
01-12	Bernstein Lowers Target Price for Carlsberg to 1,390 Danish Kroner (from 1,415), Reiterates Outperform - BN	FW
01-12	BNP Paribas Exane Upgrades Carlsberg to Outperform (Neutral), Sets Price Target at 1,000 Danish Kroner - BN	FW
01-09	Barclays Raises Carlsberg Price Target to 769 Danish Kroner (from 756), Reiterates Underweight - BN	FW

More recommendations

Sector Comparison:

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Consensus	Analysts' recommendations evolution (4 months)	Financial estimates divergence	Analysts' Target price divergence	Objective/dr gap
	CARLSBERG A/S					+6.85%
	ANHEUSER-BUSCH INBEV SA/NV					+5.15%
	HEINEKEN N.V.					+14.9%
	AMBEV S.A.					-7.59%
	CONSTELLATION BRANDS, INC.					+3.89%
	HEINEKEN HOLDING N.V.					+61.14%
	ASAHI GROUP HOLDINGS, LTD.					+25.94%
	BUDWEISER BREWING COMPANY APAC LIMITED					+14.93%
	KIRIN HOLDINGS COMPANY, LIMITED					+2.28%
	Average					+14.17%
	Weighted average by Cap.					+9.47%

See all sector consensus

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

962.00DKK

Average target price

1,027.86DKK

Spread / Average Target

+6.85%

High Price Target

1,430.00DKK

Spread / Highest target

+48.65%

Low Price Target

780.00DKK

Spread / Lowest Target

-18.92%

Analyst Consensus Detail

Consensus revision (last 18 months)

Analysts covering the company

Nordea Bank
Morningstar
alphavalue	Filippo Ercole Piva
BNP Paribas
ABG Sundal Collier
JPMorgan
ODDO BHF
Jyske Bank
HSBC
RBC Capital Markets
AlphaValue/Baader Europe
UBS
Barclays