Societe Generale Downgrades A.G.BARR to Sell (BAG)
A.G.BARR (LON:BAG) was downgraded by investment analysts at Societe Generale to a “sell” rating in a note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 500 ($7.82) target price on the stock. Societe Generale’s target price would indicate a potential downside of 9.42% from the stock’s previous close.
Shares of A.G.BARR (LON:BAG) opened at 549.50 on Tuesday. A.G.BARR has a 52 week low of GBX 427.70 and a 52 week high of GBX 588.50. The stock’s 50-day moving average is GBX 557.7 and its 200-day moving average is GBX 540.3. The company’s market cap is £634.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of A.G.BARR (LON:BAG) in a research note to investors on Monday. They now have a GBX 570 ($8.91) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of A.G.BARR (LON:BAG) in a research note to investors on Friday. They now have a GBX 560 ($8.76) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of A.G.BARR (LON:BAG) in a research note to investors on Thursday, September 5th. They now have a GBX 525 ($8.21) price target on the stock.
One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 549 ($8.58).
A.G. BARR p.l.c., along with its subsidiaries, is a manufacturer, distributor and seller of soft drinks.
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