In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on Oatly Group (OTLY – Research Report), with a price target of $0.85. The company’s shares closed yesterday at $0.66.

Modi covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Constellation Brands, and Primo Brands. According to TipRanks, Modi has an average return of 6.0% and a 55.67% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oatly Group with a $1.55 average price target.

OTLY market cap is currently $391.5M and has a P/E ratio of -0.94.

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Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets.