Research analysts at BMO Capital Markets initiated coverage on shares of Ardagh Group S.A. (NYSE:ARD) in a research note issued on Monday. The firm set a “market perform” rating and a $26.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 16.91% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Davy Research reissued an “outperform” rating and issued a $23.50 target price on shares of Ardagh Group in a research report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) initiated coverage on Ardagh Group in a research report on Monday, April 10th. They issued a “neutral” rating and a $24.00 target price on the stock. Barclays PLC reissued an “equal weight” rating and issued a $22.00 target price on shares of Ardagh Group in a research report on Wednesday, April 12th. Citigroup Inc. initiated coverage on Ardagh Group in a research report on Monday, April 10th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Deutsche Bank AG initiated coverage on Ardagh Group in a research report on Monday, April 10th. They issued a “buy” rating and a $24.00 target price on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $24.19.

Analyst Recommendations for Ardagh Group (NYSE:ARD)

The business also recently declared an annual dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were paid a $0.14 dividend. The ex-dividend date was Monday, May 15th. This represents a yield of 2.51%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canyon Capital Advisors LLC bought a new position in Ardagh Group during the first quarter worth $42,793,000. Clearbridge Investments LLC bought a new position in Ardagh Group during the first quarter worth $40,593,000. Brahman Capital Corp. bought a new position in Ardagh Group during the first quarter worth $29,409,000. Citadel Advisors LLC bought a new position in Ardagh Group during the first quarter worth $24,515,000. Finally, Wellington Management Group LLP bought a new position in Ardagh Group during the first quarter worth $21,002,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.

About Ardagh Group

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.

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