Jefferies Reiterates Their Hold Rating on Cott Corp

By Jason Carr

In a report released yesterday, Kevin Grundy from Jefferies reiterated a Hold rating on Cott Corp (NYSE: COT), with a price target of $13.50. The company’s shares closed yesterday at $13.04.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 5.3% and a 73.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

Currently, the analyst consensus on Cott Corp is Moderate Buy and the average price target is $16.88, representing a 29.4% upside.

In a report issued on May 10, BMO Capital also reiterated a Hold rating on the stock with a $15 price target.

The company has a one year high of $17.38 and a one year low of $10.10. Currently, Cott Corp has an average volume of 1.21M.

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Cott Corp. (Canada) engages in the manufacture, process, and distribution of beverages. It operates through the following segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.); and All Other. The Water & Coffee Solutions segment offers bottled water, coffee, tea, water dispensers, and filtration equipment. The Cott The North America segment includes production and trade operations in Canada and the United States. The Cott U.K. segment manufactures, repacks, and markets carbonated soft drinks in Europe. The All Other segment advertises and supplies company-owned brands. Its products include sparkling flavored waters, energy drinks, ready-to-drink teas, liquid enhancers, freezable, chocolate drinks, coffee, creamers, concentrates, and alcoholic beverages. The company was founded in 1955 and is headquartered in Mississauga, Canada.