A.G. BARR (LON:BAG) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• A.G. BARR shares have crossed above their 200-day moving average, currently trading at GBX 686 ($9.30), indicating a positive trend in the stock price.
• Analysts have issued buy ratings with price targets ranging from GBX 750 to GBX 760, reflecting confidence in the company's growth potential.
• Insider transactions showed that insiders bought a total of 212 shares worth $146,744 over the last three months, suggesting strong internal confidence in the company’s performance.

Shares of A.G. BARR p.l.c. (LON:BAG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 664.30 ($8.91) and traded as high as GBX 692 ($9.28). A.G. BARR shares last traded at GBX 686 ($9.20), with a volume of 92,300 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 760 target price on shares of A.G. BARR in a research note on Wednesday, July 30th. Shore Capital reiterated a "house stock" rating on shares of A.G. BARR in a research note on Tuesday, July 29th. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 750 target price 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, the company has a consensus rating of "Buy" and a consensus price target of GBX 755.

A.G. BARR Stock Performance

The company has a debt-to-equity ratio of 2.62, a current ratio of 1.87 and a quick ratio of 1.99. The stock has a market capitalization of £771.04 million, a PE ratio of 21.22, a P/E/G ratio of 1.36 and a beta of 0.38. The stock has a 50 day moving average of GBX 690.56 and a two-hundred day moving average of GBX 666.58.

Insider Buying and Selling at A.G. BARR

In other A.G. BARR news, insider Stuart Lorimer purchased 126 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of GBX 691 per share, for a total transaction of £870.66. Insiders purchased 212 shares of company stock valued at $146,744 in the last quarter. 23.13% 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.