Ardagh Group SA (ARD) Given Average Rating of “Hold” by Brokerages
Ardagh Group SA (NYSE:ARD) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.86.
ARD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Citigroup lowered their price target on shares of Ardagh Group from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 7th.
Shares of ARD stock opened at $13.81 on Thursday. Ardagh Group has a 1 year low of $10.09 and a 1 year high of $20.53. The firm has a market capitalization of $256.23 million, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21.
Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in shares of Ardagh Group during the 3rd quarter worth about $1,525,000. Capital World Investors increased its stake in shares of Ardagh Group by 142.9% during the 3rd quarter. Capital World Investors now owns 850,000 shares of the company’s stock worth $14,187,000 after purchasing an additional 500,000 shares during the last quarter. Credit Suisse AG acquired a new position in shares of Ardagh Group during the 3rd quarter worth about $2,572,000. Private Management Group Inc. increased its stake in shares of Ardagh Group by 216.8% during the 4th quarter. Private Management Group Inc. now owns 1,342,603 shares of the company’s stock worth $14,876,000 after purchasing an additional 918,784 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Ardagh Group by 9.1% during the 3rd quarter. Mackenzie Financial Corp now owns 275,345 shares of the company’s stock worth $4,596,000 after purchasing an additional 23,000 shares during the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.
About Ardagh Group
Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.
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