Citigroup Increases Ardagh Group (NYSE:ARD) Price Target to $22.00
Ardagh Group (NYSE:ARD) had its price target upped by Citigroup from $16.00 to $22.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Welbilt from a hold rating to a sell rating in a research note on Wednesday, June 12th. Zacks Investment Research lowered shares of First Merchants from a hold rating to a sell rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Ardagh Group currently has a consensus rating of Hold and a consensus price target of $18.38.
Ardagh Group stock opened at $18.90 on Thursday. The firm has a market cap of $352.21 million, a price-to-earnings ratio of 11.18, a PEG ratio of 1.61 and a beta of 1.24. The business’s 50-day moving average price is $16.04. Ardagh Group has a fifty-two week low of $10.09 and a fifty-two week high of $20.00.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC acquired a new position in Ardagh Group in the 1st quarter valued at about $131,000. Legal & General Group Plc grew its stake in Ardagh Group by 4,174.0% in the 4th quarter. Legal & General Group Plc now owns 10,856 shares of the company’s stock valued at $120,000 after buying an additional 10,602 shares during the last quarter. Barings LLC acquired a new position in Ardagh Group in the 1st quarter valued at about $228,000. Two Sigma Investments LP acquired a new position in Ardagh Group in the 4th quarter valued at about $208,000. Finally, BB&T Corp grew its stake in Ardagh Group by 9.7% in the 1st quarter. BB&T Corp now owns 21,150 shares of the company’s stock valued at $275,000 after buying an additional 1,870 shares during the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.
About Ardagh Group
Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.
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