A.G. BARR (LON:BAG) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of A.G. BARR (LON:BAG) to a hold rating in a report published on Thursday morning,Digital Look reports. They currently have GBX 625 price target on the stock, down from their prior price target of GBX 800.

Several other research firms have also recently issued reports on BAG. Shore Capital Group reaffirmed a “house stock” rating on shares of A.G. BARR in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 800 price target on shares of A.G. BARR in a report on Wednesday, August 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 800 price objective on shares of A.G. BARR in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 741.67.

A.G. BARR Stock Down 0.9%

Shares of LON:BAG opened at GBX 542 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 20.52. A.G. BARR has a 52-week low of GBX 538 and a 52-week high of GBX 715.32. The stock’s fifty day simple moving average is GBX 602.87 and its 200-day simple moving average is GBX 622.40. The company has a market capitalization of £601.49 million, a P/E ratio of 12.97, a P/E/G ratio of 1.36 and a beta of 0.35.

A.G. BARR (LON:BAG) last posted its quarterly earnings data on Tuesday, September 29th. The company reported GBX 24.99 EPS for the quarter. A.G. BARR had a return on equity of 13.40% and a net margin of 10.03%. As a group, equities research analysts forecast that A.G. BARR will post 43.7109104 earnings per share for the current fiscal year.

Insider Activity at A.G. BARR

In other A.G. BARR news, insider Darren Shapland bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of GBX 575 per share, for a total transaction of £57,500. Insiders acquired a total of 10,194 shares of company stock valued at $5,870,456 over the last ninety days. 9.35% of the stock is owned by insiders.

About A.G. BARR

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.