Barr (A.G.) (BAG)

Sector:

Beverages

Index:

FTSE 250

582.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 587.00
  • 52 Week Low: 451.50
  • Currency: UK Pounds
  • Shares Issued: 112.03m
  • Volume: 227,054
  • Market Cap: £652.01m
  • RiskGrade: 132

Berenberg upgrades Irn-Bru maker AG Barr to 'buy'

By Michele Maatouk

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Berenberg upgraded shares of Irn-Bru maker AG Barr on Monday to 'buy' from 'hold' and hiked the price target to 660p from 580p as it said the company's transformation was underappreciated.
"AG Barr's FY22 marked a year of transformation for the business: its portfolio is now of improved quality, has better margin potential and holds better growth prospects," Berenberg said.

"We think that the market is not giving AG Barr credit for its improvement, with the company trading on a trough multiple of 12.1x EV/EBIT or a cash-adjusted P/E of 15.6x, despite a forecasted FY22- FY25E earnings compound annual growth rate of 12.5%."

The bank said that while risks exist around cost inflation and demand elasticity, AG Barr is well positioned and its valuation provides an attractive margin of safety. It said AG Barr's portfolio is well positioned for above-market growth.

"Rubicon and Irn-Bru remain underpenetrated, but strong rates of sale have led to points of distribution for these brands lifting by 11% and 6% respectively in 2021," it noted.

"Additionally, Funkin's initial foray into the Australian market has been positive to date and AG Barr is exploring opportunities to export Funkin to the US, which - if successful - could provide material upside to shares."

At 1010 BST, the shares were up 1.5% at 548p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Barr (A.G.) Market Data

Currency UK Pounds
Share Price 582.00p
Change Today 2.00p
% Change 0.34 %
52 Week High 587.00
52 Week Low 451.50
Volume 227,054
Shares Issued 112.03m
Market Cap £652.01m
RiskGrade 132

Barr (A.G.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.62% below the market average88.62% below the market average88.62% below the market average88.62% below the market average88.62% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
73.83% above the market average73.83% above the market average73.83% above the market average73.83% above the market average73.83% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
34.93% below the market average34.93% below the market average34.93% below the market average34.93% below the market average34.93% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
35.36% above the market average35.36% above the market average35.36% above the market average35.36% above the market average35.36% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barr (A.G.) Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 05-Oct-23
Paid 07-Jun-24 27-Oct-23
Amount 12.40p 2.65p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 83,547 @ 582.00p
16:35 1 @ 582.00p
16:35 83 @ 582.00p
16:35 318 @ 582.00p
16:35 264 @ 582.00p

Barr (A.G.) Key Personnel

CEO Roger Alexander White
Finance Director Stuart Lorimer

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