Nigerian Breweries traded at 69.00 this Monday August 24th. Looking back, over the last four weeks, Nigerian Breweries lost 10.74 percent. Over the last 12 months, its price fell by 1.43 percent. Looking ahead, we forecast Nigerian Breweries to be priced at 67.33 by the end of this quarter and at 62.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nigerian Breweries Plc is a Nigeria-based brewing company. The Company is engaged in brewing, marketing and selling of lager, stout, non-alcoholic malt drinks and soft drinks. The Company's brands include Star lager beer; Gulder lager beer; Maltina, which is a nourishing malt drink; Legend Extra Stout; Amstel Malta; Heineken lager beer; Maltina Sip-it; Fayrouz, which is a non-alcoholic soft drink; Climax, a herbal energy drink; Goldberg lager; Malta Gold; Life Continental lager; Ace Passion; Star Lite and Star Radler, among others. Its products include 33 Export lager beer, Williams dark ale, Turbo Kings dark ale, More lager beer, malt drinks, Maltex and Hi Malt. It also offers apple cider, Strongbow (Gold Apple); Star Triple X; Ace Roots, and Ace Rhythm. It operates over 10 breweries and approximately two malting plants in Aba and Kaduna. It also focuses on ancillary business, which includes manufacturing cans, labels, cartons and bottles. It also has an export business.