A.G. Barr plc (BAG) Downgraded by Societe Generale
Societe Generale cut shares of A.G. Barr plc (LON:BAG) to a sell rating in a research note released on Thursday morning. Societe Generale currently has GBX 479 ($6.25) price objective on the stock, down from their prior price objective of GBX 523 ($6.83).
BAG has been the topic of several other research reports. Numis Securities Ltd upgraded A.G. Barr plc to an add rating and set a GBX 551 ($7.19) price target on the stock in a research note on Tuesday, September 13th. Barclays PLC reiterated an overweight rating and issued a GBX 560 ($7.31) price target on shares of A.G. Barr plc in a research note on Wednesday, September 28th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 600 ($7.83) price target on shares of A.G. Barr plc in a research note on Tuesday, July 19th. Berenberg Bank cut A.G. Barr plc to a sell rating and cut their price target for the stock from GBX 530 ($6.92) to GBX 470 ($6.13) in a research note on Friday, August 12th. Finally, N+1 Singer reiterated a sell rating and issued a GBX 475 ($6.20) price target on shares of A.G. Barr plc in a research note on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 555 ($7.24).
Shares of A.G. Barr plc (LON:BAG) opened at 510.00 on Thursday. The stock has a 50 day moving average price of GBX 510.72 and a 200 day moving average price of GBX 524.30. A.G. Barr plc has a 12-month low of GBX 455.30 and a 12-month high of GBX 614.50. The firm’s market capitalization is GBX 590.61 million.
The company also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 6th will be issued a GBX 3.53 ($0.05) dividend. This represents a yield of 0.68%. The ex-dividend date of this dividend is Thursday, October 6th.
A.G. Barr plc Company Profile
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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