A.G. Barr (LON:BAG) Given “Reduce” Rating at HSBC

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HSBC reiterated their reduce rating on shares of A.G. Barr (LON:BAG) in a report released on Wednesday morning, Digital Look reports. They currently have a GBX 710 ($9.28) target price on the stock.

A number of other research analysts have also recently weighed in on BAG. Barclays restated an underweight rating and issued a GBX 720 ($9.41) price objective on shares of A.G. Barr in a report on Wednesday, June 5th. Shore Capital restated a house stock rating on shares of A.G. Barr in a report on Thursday, May 16th. Finally, Berenberg Bank lifted their price objective on shares of A.G. Barr from GBX 625 ($8.17) to GBX 675 ($8.82) and gave the company a hold rating in a report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 695 ($9.08).

Shares of BAG stock opened at GBX 920 ($12.02) on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.62 and a debt-to-equity ratio of 6.31. The company has a market capitalization of $1.04 billion and a P/E ratio of 29.21. A.G. Barr has a fifty-two week low of GBX 659 ($8.61) and a fifty-two week high of GBX 980 ($12.81).

The firm also recently disclosed a dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 9th were issued a GBX 12.74 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a dividend yield of 1.6%. This is a boost from A.G. Barr’s previous dividend of $3.90. A.G. Barr’s payout ratio is 0.54%.

In related news, insider Stuart Lorimer sold 13,675 shares of A.G. Barr stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of GBX 813 ($10.62), for a total value of £111,177.75 ($145,273.42). Also, insider Jonathan David Kemp sold 4,000 shares of A.G. Barr stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of GBX 828 ($10.82), for a total transaction of £33,120 ($43,277.15). Insiders sold 19,564 shares of company stock valued at $15,929,641 in the last 90 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.

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