A.G. Barr (LON:BAG) PT Lowered to GBX 520 at Barclays

A.G. Barr (LON:BAG) had its price target cut by Barclays from GBX 590 ($7.71) to GBX 520 ($6.79) in a research note issued to investors on Tuesday morning, Digital Look reports. They currently have an underweight rating on the stock.

Several other analysts also recently issued reports on the stock. Liberum Capital assumed coverage on shares of A.G. Barr in a research note on Tuesday, September 24th. They set a hold rating and a GBX 580 ($7.58) target price on the stock. HSBC reissued a reduce rating on shares of A.G. Barr in a research note on Friday, June 28th. Shore Capital reissued a house stock rating on shares of A.G. Barr in a research note on Friday, October 4th. Finally, Berenberg Bank cut their target price on shares of A.G. Barr from GBX 675 ($8.82) to GBX 550 ($7.19) and set a hold rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 590 ($7.71).

Shares of LON:BAG opened at GBX 552 ($7.21) on Tuesday. The company’s fifty day moving average is GBX 593.08 and its two-hundred day moving average is GBX 766.91. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 6.12. A.G. Barr has a 12-month low of GBX 540 ($7.06) and a 12-month high of GBX 980 ($12.81). The company has a market cap of $622.57 million and a P/E ratio of 19.51.

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd will be paid a GBX 4 ($0.05) dividend. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, October 3rd. A.G. Barr’s dividend payout ratio (DPR) is presently 0.60%.

In related news, insider Nick Wharton purchased 1,597 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of GBX 646 ($8.44) per share, with a total value of £10,316.62 ($13,480.49). Also, insider Stuart Lorimer purchased 3,234 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was bought at an average cost of GBX 618 ($8.08) per share, for a total transaction of £19,986.12 ($26,115.41). Insiders bought 4,906 shares of company stock worth $3,075,647 over the last ninety days.

About A.G. Barr

A.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally. It operates through Carbonates, Still Drinks and Water, and Other segments. The company offers flavored, carbonated soft, sparkling and still soft, juice fruit, flavored energy, squash, non-carbonated, natural, and blended exotic juice drinks, as well as other juices and soft drinks; spring and sparkling water; mixers and iced tea; and fruit cocktail mixers, including purées and syrups.

See Also: Commodities

Receive News & Ratings for A.G. Barr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.G. Barr and related companies with MarketBeat.com's FREE daily email newsletter.