A.G. BARR (LON:BAG) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of A.G. BARR p.l.c. (LON:BAG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 642.78 and traded as high as GBX 654. A.G. BARR shares last traded at GBX 640, with a volume of 1,134,478 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 800 price target on shares of A.G. BARR in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 777.50.

A.G. BARR Price Performance

The company has a market cap of £710.25 million, a price-to-earnings ratio of 15.31, a PEG ratio of 1.36 and a beta of 0.35. The company has a quick ratio of 1.99, a current ratio of 1.67 and a debt-to-equity ratio of 14.20. The company’s fifty day moving average price is GBX 629.75 and its two-hundred day moving average price is GBX 642.78.

Insider Buying and Selling

In related news, insider Euan Sutherland bought 303 shares of A.G. BARR stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of GBX 614 per share, with a total value of £1,860.42. Over the last quarter, insiders have acquired 471 shares of company stock valued at $291,322. Insiders own 9.35% of the company’s stock.

About A.G. BARR

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. Barr strives to grow its business both organically and through targeted acquisition.