A.G. BARR (LON:BAG) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

A.G. BARR p.l.c. (LON:BAG)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 675.13 ($9.15) and traded as high as GBX 690 ($9.35). A.G. BARR shares last traded at GBX 686 ($9.30), with a volume of 147,992 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on BAG. Shore Capital reaffirmed a “house stock” rating on shares of A.G. BARR in a report on Tuesday, July 29th. Peel Hunt reissued a “buy” rating and set a GBX 750 target price on shares of A.G. BARR in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 760 target price on shares of A.G. BARR in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 755.

A.G. BARR Price Performance

The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.99 and a current ratio of 1.87. The stock’s 50 day simple moving average is GBX 692.77 and its two-hundred day simple moving average is GBX 675.13. The firm has a market capitalization of £763.09 million, a PE ratio of 1,936.21, a price-to-earnings-growth ratio of 1.36 and a beta of 0.38.

A.G. BARR Company Profile

A.G. Barr is a UK-based branded multi beverage business focused on growth and the creation of long-term shareholder value.

Ambitious and value driven, with strong consumer focus, it is a brand owners and builder, offering a diverse and differentiated portfolio of brands that people love.

Established almost 150 years ago in Scotland, now operating across the UK and with export markets throughout the world, A.G.