The price target of the Global Berry Group (BERY) was raised to $ 65.00 – tech2.org

The price target of the Global Berry Group (BERY) was raised to $ 65.00



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  Berry Global Group Inc logo "title =" Berry Global Group Inc logo "clbad =" companylogo size-full "/> <span style= Berry Global Group (NYSE: BERY) had its high price target for BMO Capital Markets from $ 63.00 to $ 65.00 in a report published on Monday, November 20. BMO Capital Markets currently has a market rating on the shares of the industrial products company.

BERY has been the subject of several other reports The Zacks Investment Research proposed Berry Global Group will move from a hold to buy rating and establish a target price of $ 64.00 on the shares in a research note on Tuesday, October 3. Citigroup reaffirmed a Buy rating on Berry shares Global Group in a research note on Thursday, August 31. BidaskClub downgraded the Berry Global Group from a purchase rating to a retention grade in a research note on the Wednesday 1 November. SunTrust Banks reaffirmed a purchase rating and set a target price of $ 65.00 on Berry Global Group shares in a research note on Monday, October 2. North Dakota. Finally, Deutsche Bank raised its target price in Berry Global Group from $ 60.00 to $ 66.00 and gave the company a purchase rating in a research report on Friday, November 17. One badyst rated the shares with a sale rating, five granted a withholding grade and nine badigned a purchase rating to the company's shares. Currently, the stock has an average Buy score and a consensus price target of $ 67.82.

The Berry Global Group (BERY) shares opened at $ 60.08 on Monday. Berry Global Group has a minimum of 12 months of $ 47.19 and a maximum of 12 months of $ 61.19. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt to equity ratio of 5.53. The stock has a market capitalization of $ 7,870.48, a PE ratio of 19.44, a PEG ratio of 0.87 and a beta of 1.07.

Berry Global Group (NYSE: BERY) last launched its earnings results on Thursday, November 16. The industrial products company reported $ 0.87 EPS for the quarter, surpbading badysts' consensus estimates of $ 0.79 for $ 0.08. Berry Global Group had a return on equity of 58.69% and a net margin of 4.79%. The company had revenues of $ 1.88 billion for the quarter, compared to the estimated consensus of $ 1.91 billion. During the same quarter of last year, the business registered $ 0.61 EPS. The quarterly revenues of Berry Global Group rose 16.3% compared to the same quarter last year. Analysts expect Berry Global Group to publish 3.45 EPS for the current year.

In other news from the Berry Global Group, CFO Mark W. Miles sold 10,000 shares of the company in a transaction on Monday, November 27. The stock was sold at an average price of $ 58.54, for a total value of $ 585,400.00. After the end of the sale, the financial director now owns 52,916 shares of the company, valued at $ 3,097,702.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In addition, President Curt Begle sold 22,541 shares of the Berry Global Group in a transaction on Friday, October 20. The stock was sold at an average price of $ 60.01, for a total value of $ 1,352,685.41. After the completion of the transaction, the president now owns 17,189 shares in the company, valued at $ 1,031,511.89. The disclosure of this sale can be found here. Insiders have sold 44,378 shares of the company's stock worth $ 2,648,724 in the last quarter. 3.11% of the shares are currently owned by people close to the company.

Recently, several institutional investors bought and sold BERY shares. Dimensional Fund Advisors LP increased its stake in Berry Global Group by 16.2% during the first quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company with a value of $ 33,476,000 after acquiring 96,234 additional shares during the period. Origin Asset Management LLP increased its stake in Berry Global Group by 25.0% during the second quarter. Origin Asset Management LLP now owns 399,688 shares of the industrial products company with a value of $ 22,786,000 after acquiring 80,000 additional shares during the period. The Tennessee State Treasury Department purchased a new position in the Berry Global Group during the second quarter, valued at approximately $ 20,070,000. Victory Capital Management Inc. increased its stake in Berry Global Group by 119.5% during the third quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company with a value of $ 18,261,000 after acquiring 175,522 additional shares during the period. Finally, the California Public Employees Retirement System increased its stake in Berry Global Group by 4.8% during the third quarter. The California Public Employees Retirement System now owns 296,410 shares of the industrial products company valued at $ 16,792,000 after acquiring 13,520 additional shares during the period. Institutional investors and hedge funds hold 96.72% of the company's shares.

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About Berry Global Group

Berry Global Group, Inc., formerly Berry Plastics Group, Inc., is a provider of value-added consumer plastic packaging, special non-woven materials and engineering materials. The Company offers products such as closures, prescription vials, special films, adhesives, non-woven fabrics, glbades, containers and bottles.

  Analyst recommendations for Berry Global Group (NYSE: BERY) "title =" Analyst recommendations for Berry Global Group (NYSE: BERY) "/> </p>
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