A.G. Barr plc (BAG) Receives Hold Rating from Numis Securities Ltd

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A.G. Barr plc (LON:BAG)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 551 ($7.34) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 9.00% from the company’s current price.
Several other analysts also recently commented on BAG. Berenberg Bank reduced their target price on A.G. Barr plc from GBX 550 ($7.33) to GBX 530 ($7.06) and set a “hold” rating for the company in a research note on Thursday, April 7th. Investec raised their target price on A.G. Barr plc from GBX 632 ($8.42) to GBX 638 ($8.50) and gave the company a “buy” rating in a research note on Tuesday, April 12th. Credit Suisse Group AG restated a “buy” rating and issued a GBX 638 ($8.50) target price on shares of A.G. Barr plc in a research note on Tuesday, April 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 620 ($8.26) target price on shares of A.G. Barr plc in a research note on Friday, May 20th. Finally, Barclays PLC upgraded A.G. Barr plc to an “overweight” rating and reduced their target price for the company from GBX 570 ($7.59) to GBX 560 ($7.46) in a research note on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. A.G. Barr plc presently has a consensus rating of “Hold” and an average target price of GBX 571.73 ($7.61).
A.G. Barr plc (LON:BAG) traded down 0.88% during mid-day trading on Tuesday, reaching GBX 505.50. The company’s stock had a trading volume of 72,310 shares. The firm has a 50 day moving average price of GBX 519.04 and a 200 day moving average price of GBX 526.91. A.G. Barr plc has a 52-week low of GBX 455.30 and a 52-week high of GBX 614.50. The company’s market cap is GBX 583.92 million.

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In other news, insider Memmott,Andrew Lewis bought 59 shares of the company’s stock in a transaction on Monday, June 13th. The shares were purchased at an average price of GBX 527 ($7.02) per share, with a total value of £310.93 ($414.13).
A.G. Barr plc Company Profile
A.G. BARR p.l.c. is a United Kingdom-based branded soft drinks business. The Company is engaged in making, marketing and selling soft drinks brands in the United Kingdom. The Company operates through three segments: Carbonates, Still drinks and water, and Other, including ice-cream. The Carbonates segment includes the Company’s carbonate products, such as the Barr range of flavored carbonates.

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