A.G. BARR (LON:BAG) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

A.G. BARR p.l.c. (LON:BAG)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 582.35 and traded as high as GBX 596. A.G. BARR shares last traded at GBX 594, with a volume of 284,308 shares.

Analyst Ratings Changes

Several analysts have issued reports on BAG shares. Berenberg Bank lowered A.G. BARR to a “hold” rating and cut their price target for the company from GBX 800 to GBX 625 in a report on Thursday, October 1st. Shore Capital Group reaffirmed a “house stock” rating on shares of A.G. BARR in a research note on Tuesday, August 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 800 price objective on shares of A.G. BARR in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 800 price objective on shares of A.G. BARR in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, A.G. BARR presently has an average rating of “Moderate Buy” and a consensus price target of GBX 741.67.

A.G. BARR Trading Up 0.5%

The stock’s 50 day moving average price is GBX 582.35 and its 200-day moving average price is GBX 626.04. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 20.52. The stock has a market capitalization of £657.31 million, a PE ratio of 14.66, a PEG ratio of 1.36 and a beta of 0.35.

A.G. BARR (LON:BAG) last released its earnings results on Tuesday, September 29th. The company reported GBX 24.99 earnings per share for the quarter. A.G. BARR had a net margin of 10.03% and a return on equity of 13.40%. On average, sell-side analysts expect that A.G. BARR p.l.c. will post 43.71 earnings per share for the current fiscal year.

Insider Transactions at A.G. BARR

In other A.G. BARR news, insider Darren Shapland purchased 10,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of GBX 575 per share, for a total transaction of £57,500. In the last ninety days, insiders acquired 10,203 shares of company stock valued at $5,869,742. Corporate 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.