Berenberg Bank Downgrades A.G. BARR (LON:BAG) to Hold

A.G. BARR (LON:BAG) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 625 price objective on the stock, down from their previous price objective of GBX 800. Berenberg Bank’s price target indicates a potential upside of 15.31% from the company’s previous close.

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

A.G. BARR Price Performance

A.G. BARR stock 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 firm has a market cap of £601.49 million, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.35. The company’s 50 day moving average is GBX 602.87 and its two-hundred day moving average is GBX 622.40.

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

Insider Activity

In other news, insider Darren Shapland acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of GBX 575 per share, with a total value of £57,500. Over the last three months, insiders have acquired 10,194 shares of company stock worth $5,870,456. 9.35% of the stock is currently owned by 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.