A.G. BARR’s (BAG) Buy Rating Reaffirmed at Peel Hunt

A.G. BARR (LON:BAG – Get Rating)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 595 ($7.75) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 9.78% from the stock’s previous close.

A number of other research analysts have also weighed in on BAG. Shore Capital reaffirmed a “house stock” rating on shares of A.G. BARR in a report on Tuesday, March 29th. Berenberg Bank raised A.G. BARR to a “buy” rating and upped their price objective for the stock from GBX 580 ($7.56) to GBX 660 ($8.60) in a report on Friday. Finally, Barclays boosted their target price on A.G. BARR from GBX 500 ($6.52) to GBX 517 ($6.74) and gave the stock an “underweight” rating in a research report on Wednesday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, A.G. BARR currently has a consensus rating of “Hold” and an average target price of GBX 588.40 ($7.67).

Shares of BAG stock opened at GBX 542 ($7.06) on Tuesday. The business’s fifty day moving average price is GBX 513.68 and its 200 day moving average price is GBX 512. A.G. BARR has a 1-year low of GBX 462.50 ($6.03) and a 1-year high of GBX 590 ($7.69). The firm has a market capitalization of £607.20 million and a PE ratio of 21.85. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.38 and a quick ratio of 1.96.

In related news, insider Stuart Lorimer acquired 3,654 shares of A.G. BARR stock in a transaction dated Tuesday, March 29th. The shares were acquired at an average cost of GBX 544 ($7.09) per share, for a total transaction of £19,877.76 ($25,902.74). Insiders bought 3,742 shares of company stock worth $2,032,893 over the last 90 days.

About A.G. BARR (Get Rating)

A.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally. The company operates through three segments: Carbonated Soft Drinks, Still Soft Drinks and Water, and Funkin. It provides carbonated and flavored soft drinks, drinks with spirit, fruit cocktails, fruit juices, spring and sparkling water, fruit drinks, energy drinks, iced tea, and other non-alcoholic beverages.

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