A.G. BARR (LON:BAG) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• A.G. BARR's share price exceeded its 200-day moving average of GBX 672.20, reaching a high of GBX 712 during trading.
• Wall Street analysts maintain a consensus "Buy" rating for the stock, with price targets of GBX 760 from Deutsche Bank and GBX 750 from Peel Hunt.
• The company's current market capitalization stands at £767.54 million, with various financial ratios indicating its market position.

A.G. BARR p.l.c. (LON:BAG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 672.20 ($9.10) and traded as high as GBX 712 ($9.64). A.G. BARR shares last traded at GBX 690 ($9.34), with a volume of 227,289 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BAG shares. Shore Capital restated a "house stock" rating on shares of A.G. BARR in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 760 price target on shares of A.G. BARR in a report on Wednesday, July 30th. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 750 price target on shares of A.G. BARR in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 755.

A.G. BARR Trading Down 2.8%

The company has a quick ratio of 1.99, a current ratio of 1.87 and a debt-to-equity ratio of 2.62. The firm's 50-day moving average price is GBX 692.11 and its 200 day moving average price is GBX 672.20. The company has a market capitalization of £767.54 million, a P/E ratio of 1,947.50, a P/E/G ratio of 1.36 and a beta of 0.38.

A.G. BARR Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.