A.G. BARR (LON:BAG) Stock Crosses 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.

A.G. BARR p.l.c. (LON:BAG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 664.30 ($8.96) and traded as high as GBX 692 ($9.34). A.G. BARR shares last traded at GBX 686 ($9.26), with a volume of 92,300 shares.

Analysts Set New Price Targets

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

A.G. BARR Trading Up 0.7%

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 stock has a market capitalization of £776.62 million, a PE ratio of 21.37, a P/E/G ratio of 1.36 and a beta of 0.38. The business's fifty day moving average is GBX 690.06 and its 200-day moving average is GBX 665.88.

Insider Buying and Selling

In other news, insider Stuart Lorimer acquired 126 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of GBX 691 per share, for a total transaction of £870.66. Insiders bought 212 shares of company stock worth $146,744 in the last ninety days. Corporate insiders own 23.13% of the company's stock.

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.