A.G. BARR (LON:BAG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• A.G. BARR's share price has surpassed its 200-day moving average, reaching a high of GBX 710 ($9.48) during trading.
• Analysts from Peel Hunt and Deutsche Bank have issued buy ratings for A.G. BARR, with price targets set at GBX 750 ($10.02) and GBX 760 ($10.15), respectively.
• Insider activity shows that company insiders have purchased a total of 212 shares valued at $146,744 over the last quarter, indicating confidence in the company's performance.

A.G. BARR p.l.c. (LON:BAG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 659.29 ($8.86) and traded as high as GBX 710 ($9.55). A.G. BARR shares last traded at GBX 699 ($9.40), with a volume of 242,377 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BAG shares. Shore Capital reiterated a "house stock" rating on shares of A.G. BARR in a report on Tuesday, July 29th. Peel Hunt reiterated a "buy" rating and issued a GBX 750 ($10.08) price target on shares of A.G. BARR in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 760 ($10.22) price target on shares of A.G. BARR in a report on Wednesday, July 30th.

A.G. BARR Price Performance

The company's fifty day moving average is GBX 690.38 and its 200 day moving average is GBX 662.02. The firm has a market cap of £773.27 million, a price-to-earnings ratio of 21.28, a PEG ratio of 1.36 and a beta of 0.38. The company has a quick ratio of 1.99, a current ratio of 1.87 and a debt-to-equity ratio of 2.62.

Insider Buying and Selling

In other A.G. BARR news, insider Stuart Lorimer bought 126 shares of A.G. BARR stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of GBX 691 ($9.29) per share, for a total transaction of £870.66 ($1,170.56). Insiders have acquired a total of 212 shares of company stock worth $146,744 in the last ninety days. Corporate insiders own 23.13% of the company's stock.

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.