A.G. Barr plc’s (BAG) “Sell” Rating Reaffirmed at N+1 Singer
A number of other research firms have also recently issued reports on BAG. Barclays PLC restated an overweight rating and set a GBX 560 ($7.31) price target on shares of A.G. Barr plc in a report on Wednesday, August 3rd. Societe Generale cut their price target on A.G. Barr plc from GBX 550 ($7.18) to GBX 523 ($6.83) and set a hold rating on the stock in a report on Wednesday, August 3rd. JPMorgan Chase & Co. restated an overweight rating and set a GBX 600 ($7.83) price target on shares of A.G. Barr plc in a report on Tuesday, July 19th. Numis Securities Ltd upgraded A.G. Barr plc to an add rating and set a GBX 551 ($7.19) price target on the stock in a report on Tuesday, September 13th. Finally, Berenberg Bank cut A.G. Barr plc to a sell rating and cut their price target for the stock from GBX 530 ($6.92) to GBX 470 ($6.13) in a report on Friday, August 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 557 ($7.27).
A.G. Barr plc (LON:BAG) opened at 507.50 on Tuesday. The firm has a 50 day moving average of GBX 512.11 and a 200 day moving average of GBX 525.33. A.G. Barr plc has a 12-month low of GBX 455.30 and a 12-month high of GBX 614.50. The firm’s market capitalization is GBX 586.23 million.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 3.53 ($0.05) per share. This represents a yield of 0.68%. The ex-dividend date is Thursday, October 6th.
About A.G. Barr plc
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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