A.G. Barr plc (BAG) Downgraded to Sell at Societe Generale
Societe Generale downgraded shares of A.G. Barr plc (LON:BAG) to a sell rating in a report issued on Thursday. Societe Generale currently has GBX 479 ($6.25) price target on the stock, down from their previous price target of GBX 523 ($6.83).
Several other equities analysts have also commented on the stock. Barclays PLC reaffirmed an overweight rating and set a GBX 560 ($7.31) price target on shares of A.G. Barr plc in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of A.G. Barr plc from GBX 570 ($7.44) to GBX 550 ($7.18) and set an overweight rating for the company in a research report on Wednesday. N+1 Singer reaffirmed a sell rating and set a GBX 475 ($6.20) price target on shares of A.G. Barr plc in a research report on Tuesday. Numis Securities Ltd upgraded shares of A.G. Barr plc to an add rating and set a GBX 551 ($7.19) price objective for the company in a research note on Tuesday, September 13th. Finally, Berenberg Bank downgraded shares of A.G. Barr plc to a sell rating and decreased their price objective for the stock from GBX 530 ($6.92) to GBX 470 ($6.13) in a research note on Friday, August 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 552.60 ($7.21).
A.G. Barr plc (LON:BAG) traded down 1.07% on Thursday, reaching GBX 509.00. The company had a trading volume of 53,357 shares. The firm’s market capitalization is GBX 589.45 million. The company’s 50-day moving average price is GBX 511.39 and its 200 day moving average price is GBX 524.99. A.G. Barr plc has a 1-year low of GBX 455.30 and a 1-year high of GBX 614.50.
The firm also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 3.53 ($0.05) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.68%.
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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