A.G. BARR (LON:BAG) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of A.G. BARR p.l.c. (LON:BAG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 643.75 and traded as high as GBX 661. A.G. BARR shares last traded at GBX 650, with a volume of 122,790 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 price objective on shares of A.G. BARR in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 783.33.

A.G. BARR Stock Performance

The stock has a market cap of £721.34 million, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.36 and a beta of 0.35. The company has a current ratio of 1.67, a quick ratio of 1.99 and a debt-to-equity ratio of 14.20. The firm has a fifty day simple moving average of GBX 634.54 and a 200-day simple moving average of GBX 643.75.

Insider Buying and Selling

In other news, insider Euan Sutherland acquired 303 shares of the company’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of GBX 614 per share, with a total value of £1,860.42. Insiders bought 471 shares of company stock valued at $291,322 in the last three months. 9.35% of the stock is owned by company insiders.

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.