A.G. Barr plc (BAG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of A.G. Barr plc (LON:BAG) have received an average rating of “Hold” from the ten research firms that are currently covering the firm. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 563.89 ($7.28).
A number of brokerages have recently commented on BAG. Numis Securities Ltd raised their price target on A.G. Barr plc from GBX 575 ($7.42) to GBX 652 ($8.42) and gave the company an “add” rating in a report on Friday, March 31st. Berenberg Bank reissued a “hold” rating and set a GBX 500 ($6.45) price target on shares of A.G. Barr plc in a report on Thursday, February 9th. Whitman Howard reissued a “hold” rating and set a GBX 600 ($7.74) price target on shares of A.G. Barr plc in a report on Tuesday, March 28th. Barclays PLC reissued an “equal weight” rating and set a GBX 575 ($7.42) price target (up from GBX 550 ($7.10)) on shares of A.G. Barr plc in a report on Friday, March 31st. Finally, N+1 Singer raised A.G. Barr plc to a “hold” rating and raised their price target for the company from GBX 475 ($6.13) to GBX 500 ($6.45) in a report on Wednesday, February 1st.
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Shares of A.G. Barr plc (LON:BAG) traded up 0.47% during midday trading on Friday, hitting GBX 648.00. 61,748 shares of the company’s stock traded hands. A.G. Barr plc has a 52 week low of GBX 455.30 and a 52 week high of GBX 658.00. The stock’s market cap is GBX 749.51 million. The company has a 50 day moving average of GBX 624.09 and a 200 day moving average of GBX 539.97.
The company also recently announced a dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 11th will be issued a dividend of GBX 10.87 ($0.14) per share. This is a positive change from A.G. Barr plc’s previous dividend of $3.53. This represents a yield of 1.91%. The ex-dividend date is Thursday, May 11th.
In related news, insider Jonathan David Kemp sold 4,000 shares of A.G. Barr plc stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of GBX 582 ($7.51), for a total transaction of £23,280 ($30,050.34). Over the last ninety days, insiders have purchased 75 shares of company stock worth $44,949.
About A.G. Barr plc
A.G. BARR p.l.c. is a United Kingdom-based company, which is involved in soft drinks business. The Company’s segments include carbonates, still drinks and water, and other. Its other segment includes Funkin cocktail solutions, vending machines, ice-cream and other soft drink related items, such as water cups.
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