A.G. Barr plc (BAG) Given “Add” Rating at Numis Securities Ltd
A.G. Barr plc (LON:BAG)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Monday. They presently have a GBX 575 ($7.51) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 12.09% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Societe Generale lowered their price target on A.G. Barr plc from GBX 550 ($7.18) to GBX 523 ($6.83) and set a “hold” rating for the company in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. decreased their target price on A.G. Barr plc from GBX 600 ($7.83) to GBX 570 ($7.44) and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 560 ($7.31) target price on shares of A.G. Barr plc in a research report on Wednesday, August 3rd. N+1 Singer reaffirmed a “sell” rating and issued a GBX 475 ($6.20) target price on shares of A.G. Barr plc in a research report on Tuesday, September 27th. Finally, Berenberg Bank downgraded A.G. Barr plc to a “sell” rating and decreased their target price for the stock from GBX 530 ($6.92) to GBX 470 ($6.13) in a research report on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 555 ($7.24).
A.G. Barr plc (LON:BAG) opened at 507.00 on Monday. The stock’s market cap is GBX 587.13 million. A.G. Barr plc has a 1-year low of GBX 455.30 and a 1-year high of GBX 614.50. The company’s 50-day moving average price is GBX 511.28 and its 200-day moving average price is GBX 524.91.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 6th will be paid a GBX 3.53 ($0.05) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend 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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