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

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) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 672.20 ($9.18) and traded as high as GBX 712 ($9.72). A.G. BARR shares last traded at GBX 690 ($9.42), with a volume of 227,289 shares trading hands.

Wall Street Analysts Forecast Growth

BAG has been the topic of a number of recent analyst reports. Peel Hunt reissued a "buy" rating and set a GBX 750 price target 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 target price on shares of A.G. BARR in a research note on Wednesday, July 30th. Finally, Shore Capital restated a "house stock" rating on shares of A.G. BARR in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 755.

A.G. BARR Stock Down 2.7%

The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.99 and a current ratio of 1.87. The stock has a market cap of £757.52 million, a P/E ratio of 1,922.10, a P/E/G ratio of 1.36 and a beta of 0.38. The stock's fifty day simple moving average is GBX 692.39 and its 200-day simple moving average is GBX 674.52.

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.