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Amcor Limited (ASX:AMC)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Friday. The analysts noted that the move was a valuation call.

Shares of Amcor Limited (ASX:AMC) opened at 10.360 on Friday. Amcor Limited has a 52-week low of A$8.9609 and a 52-week high of A$10.890. The stock has a 50-day moving average of A$10.49 and a 200-day moving average of A$10.41. The company has a market cap of A$12.500 billion and a price-to-earnings ratio of 23.86.

AMC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Amcor Limited in a research note on Tuesday. They now have a $11.25 price target on the stock.

Amcor Limited is an Australia-based packaging company. The Company offers solutions for the packaging industry.

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