A.G. BARR (LON:BAG) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Shares crossed above the 200‑day moving average: A.G. BARR traded as high as GBX 654 and last at GBX 650, passing its 200‑day MA of GBX 653.04 on Monday with volume of 187,148 shares.
• Analyst sentiment is positive: MarketBeat shows an average rating of "Buy" from four analysts and an average price target of GBX 777.50 (Berenberg recently set GBX 800).
• Notable insider selling: On April 13 insiders Julie A. Barr and Stuart Lorimer sold 5,097 and 105,960 shares respectively at GBX 645 (combined ≈£716k), and insiders currently own 9.31% of the stock.

Shares of A.G. BARR p.l.c. (LON:BAG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 653.04 and traded as high as GBX 654. A.G. BARR shares last traded at GBX 650, with a volume of 187,148 shares.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BAG shares. Shore Capital Group restated a "house stock" rating on shares of A.G. BARR in a report on Tuesday, February 3rd. Berenberg Bank restated a "buy" rating and set a GBX 800 price target on shares of A.G. BARR in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 777.50.

A.G. BARR Stock Up 0.9%

The firm has a market cap of £721.00 million, a P/E ratio of 15.55, a P/E/G ratio of 1.36 and a beta of 0.40. The business's fifty day moving average price is GBX 658.93 and its two-hundred day moving average price is GBX 653.04. The company has a current ratio of 1.67, a quick ratio of 1.99 and a debt-to-equity ratio of 14.20.

A.G. BARR (LON:BAG - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported GBX 42.27 earnings per share for the quarter. The business had revenue of £437.30 million for the quarter. A.G. BARR had a net margin of 10.77% and a return on equity of 14.27%. As a group, equities research analysts anticipate that A.G. BARR p.l.c. will post 43.7109104 EPS for the current year.

Insiders Place Their Bets

In other news, insider Julie A. Barr sold 5,097 shares of the firm's stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 645, for a total transaction of £32,875.65. Also, insider Stuart Lorimer sold 105,960 shares of the firm's stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 645, for a total transaction of £683,442. Insiders have bought a total of 178 shares of company stock worth $119,100 in the last 90 days. 9.31% of the stock is owned by insiders.

About A.G. BARR

A.G. Barr is a UK-based branded multi beverage business focused on growth and the creation of long-term shareholder value. Ambitious and value driven, with strong consumer focus, it is a brand owners and builder, offering a diverse and differentiated portfolio of brands that people love. Established almost 150 years ago in Scotland, now operating across the UK and with export markets throughout the world, A.G. Barr strives to grow its business both organically and through targeted acquisition.

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