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Home / Support and Resistance / A.G. BARR. (BAG.L) 10-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

A.G. BARR. (BAG.L) 10-01-20

Will A.G. BARR. (BAG.L) fall beyond the 540p support level, or will we see a retest of 686p? (+28%)

 

  • The stock is near support at 540p, now trading at 532.51p (at time of writing).
  • Although there has been a small break today, will it prove false?
  • Whilst the past does not always repeat itself, the support level has held up well.
  • From here, will buying pressure return to drive the price back to 686p? (+28%).
  • As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
  • Shares -45% from 12-month highs; +1% from 12 month lows.

Latest News

09 Jan:  Barclays Capital reiterates its underweight rating on Barr (A G) (BAG) and reduced the target price to 460p (from 520p).

08 Oct:  Barclays Capital reiterates its underweight rating on Barr (A G) (BAG) and reduced the target price to 520p (from 590p).

24 Sep:  Liberum Capital today initiates coverage of Barr (A G) (BAG) with a hold rating and target price of 580p.

08 Aug:  Jonathan Kemp, Executive Director, bought 23 shares in the firm on the 7th August 2019 at a price of 664p. This Director currently has 18,856 shares.

08 Aug:  Andrew Memmott, Executive Director, bought 23 shares in the firm on the 7th August 2019 at a price of 664p. This Director currently has 110,210 shares.

08 Aug:  Roger White, CEO, bought 23 shares in the firm on the 7th August 2019 at a price of 664p. This Director currently has 9,247 shares.

08 Aug:  Stuart Lorimer, Financial Director, bought 23 shares in the firm on the 7th August 2019 at a price of 664p. This Director currently has 37,279 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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