A.G. BARR (LON:BAG) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• A.G. BARR shares rose above their 50-day moving average, reaching GBX 596 and last trading at GBX 594 on volume of 284,308 shares.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a GBX 741.67 target price, although Berenberg downgraded the stock to “hold” and lowered its target to GBX 625.
• Recent quarterly EPS was GBX 24.99, while insider Darren Shapland purchased 10,000 shares for £57,500; insiders collectively own 9.35% of the company.

A.G. BARR p.l.c. (LON:BAG - Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 582.35 and traded as high as GBX 596. A.G. BARR shares last traded at GBX 594, with a volume of 284,308 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Shore Capital Group reissued a "house stock" rating on shares of A.G. BARR in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 800 target price on shares of A.G. BARR in a report on Wednesday, August 5th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 800 target price on shares of A.G. BARR in a research report on Tuesday, August 4th. Finally, Berenberg Bank downgraded shares of A.G. BARR to a "hold" rating and cut their target price for the stock from GBX 800 to GBX 625 in a research report on Thursday, October 1st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, A.G. BARR currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 741.67.

A.G. BARR Price Performance

The firm has a market capitalization of £657.31 million, a PE ratio of 14.66, a PEG ratio of 1.36 and a beta of 0.35. The company has a debt-to-equity ratio of 20.52, a current ratio of 1.25 and a quick ratio of 1.99. The firm has a 50-day simple moving average of GBX 582.35 and a 200-day simple moving average of GBX 626.04.

A.G. BARR (LON:BAG - Get Free Report) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 24.99 earnings per share (EPS) for the quarter. A.G. BARR had a return on equity of 13.40% and a net margin of 10.03%. As a group, equities analysts forecast that A.G. BARR p.l.c. will post 43.71 earnings per share for the current year.

Insider Activity

In other A.G. BARR news, insider Darren Shapland bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of GBX 575 per share, for a total transaction of £57,500. Insiders have purchased a total of 10,203 shares of company stock valued at $5,869,742 over the last quarter. Company insiders own 9.35% 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. Barr strives to grow its business both organically and through targeted acquisition.

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