Berry Plastics Group Inc. (BERY) Given a $60.00 Price Target at Credit Suisse Group AG
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.
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.
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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.
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