Berry Plastics Group Inc. (NYSE:BERY) has been given a $60.00 target price by equities researchers at Credit Suisse Group AG in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 29.51% from the stock’s current price.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Berry Plastics Group from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $56.00 price target (up from $52.00) on shares of Berry Plastics Group in a report on Monday, August 29th. Jefferies Group started coverage on Berry Plastics Group in a report on Thursday, October 13th. They issued a “buy” rating and a $52.00 price target for the company. BMO Capital Markets raised their price target on Berry Plastics Group from $37.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, August 26th. Finally, Robert W. Baird raised their price target on Berry Plastics Group from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $49.69.

Analyst Recommendations for Berry Plastics Group (NYSE:BERY)

Shares of Berry Plastics Group (NYSE:BERY) traded down 0.02% during trading on Friday, reaching $46.33. The company’s stock had a trading volume of 535,403 shares. The firm has a market cap of $5.63 billion, a PE ratio of 27.71 and a beta of 1.07. Berry Plastics Group has a 12 month low of $27.79 and a 12 month high of $47.26. The company’s 50 day moving average price is $44.73 and its 200 day moving average price is $42.04.

WARNING: “Berry Plastics Group Inc. (BERY) Given a $60.00 Price Target at Credit Suisse Group AG” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and reposted in violation of US and international copyright & trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2016/11/25/berry-plastics-group-inc-bery-given-a-60-00-price-target-at-credit-suisse-group-ag.html.

Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in Berry Plastics Group by 14.0% in the third quarter. Advisor Group Inc. now owns 2,434 shares of the company’s stock worth $107,000 after buying an additional 299 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Berry Plastics Group during the second quarter worth $121,000. Meeder Asset Management Inc. purchased a new stake in Berry Plastics Group during the third quarter worth $147,000. The Manufacturers Life Insurance Company purchased a new stake in Berry Plastics Group during the third quarter worth $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Berry Plastics Group by 13.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,860 shares of the company’s stock worth $169,000 after buying an additional 470 shares during the last quarter.

About Berry Plastics Group

Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.

5 Day Chart for NYSE:BERY

Receive News & Stock Ratings for Berry Plastics Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Plastics Group Inc. and related stocks with our FREE daily email newsletter.