A.G. Barr plc (BAG) Rating Reiterated by Barclays PLC
A.G. Barr plc (LON:BAG)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a research note issued to investors on Thursday. They currently have a GBX 560 ($7.31) target price on the stock. Barclays PLC’s price target indicates a potential upside of 11.55% from the company’s previous close.
BAG has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 600 ($7.83) target price on shares of A.G. Barr plc in a research note on Tuesday, July 5th. Societe Generale cut shares of A.G. Barr plc to a “sell” rating and dropped their price objective for the company from GBX 523 ($6.83) to GBX 479 ($6.25) in a research note on Thursday, September 29th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 551 ($7.19) price objective on shares of A.G. Barr plc in a research note on Tuesday, August 2nd. Berenberg Bank cut shares of A.G. Barr plc to a “sell” rating and dropped their price objective for the company from GBX 530 ($6.92) to GBX 470 ($6.13) in a research note on Friday, August 12th. Finally, N+1 Singer reaffirmed a “sell” rating and set a GBX 475 ($6.20) price objective on shares of A.G. Barr plc in a research note on Tuesday, September 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. A.G. Barr plc currently has an average rating of “Hold” and an average target price of GBX 555 ($7.24).
A.G. Barr plc (LON:BAG) traded down 3.21% during mid-day trading on Thursday, hitting GBX 485.90. 147,532 shares of the stock traded hands. The stock’s market cap is GBX 562.70 million. The stock has a 50-day moving average price of GBX 509.15 and a 200-day moving average price of GBX 523.79. A.G. Barr plc has a 12 month low of GBX 455.30 and a 12 month high of GBX 614.50.
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The company also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, October 6th will be paid a GBX 3.53 ($0.05) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.68%.
About A.G. Barr plc
A.G. BARR p.l.c. is a United Kingdom-based branded soft drinks business. The Company is engaged in making, marketing and selling soft drinks brands in the United Kingdom. The Company operates through three segments: Carbonates, Still drinks and water, and Other, including ice-cream. The Carbonates segment includes the Company’s carbonate products, such as the Barr range of flavored carbonates.
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