Berenberg Bank Reiterates “Buy” Rating for A.G. BARR (LON:BAG)

A.G. BARR (LON:BAG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 800 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 31.80% from the company’s previous close.

Other analysts have also issued reports about the stock. Shore Capital Group restated a “house stock” rating on shares of A.G. BARR in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 800 target price on shares of A.G. BARR in a report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 800 target price on shares of A.G. BARR in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, A.G. BARR currently has a consensus rating of “Buy” and an average price target of GBX 800.

A.G. BARR Stock Down 0.5%

BAG stock opened at GBX 607 on Thursday. The company has a market cap of £673.62 million, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.36 and a beta of 0.35. The company has a debt-to-equity ratio of 14.20, a quick ratio of 1.99 and a current ratio of 1.67. The business’s 50-day moving average is GBX 634.87 and its two-hundred day moving average is GBX 643.33. A.G. BARR has a fifty-two week low of GBX 589 and a fifty-two week high of GBX 715.32.

Insiders Place Their Bets

In related news, insider Euan Sutherland acquired 303 shares of the company’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of GBX 614 per share, with a total value of £1,860.42. Insiders have acquired 422 shares of company stock worth $261,187 over the last three months. Company insiders own 9.35% of the company’s stock.

A.G. BARR Company Profile

A.G. Barr is a UK-based branded multi beverage business focused on growth and the creation of long-term shareholder value.

Ambitious and value driven, with strong consumer focus, it is a brand owners and builder, offering a diverse and differentiated portfolio of brands that people love.

Established almost 150 years ago in Scotland, now operating across the UK and with export markets throughout the world, A.G. Barr strives to grow its business both organically and through targeted acquisition.