Berry Global Group (NYSE:BERY) Price Target Raised to $75.00 at Barclays

Berry Global Group (NYSE:BERY) had its price objective boosted by research analysts at Barclays from $64.00 to $75.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective would suggest a potential upside of 6.04% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group lowered Berry Global Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Morgan Stanley began coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective for the company. Finally, Truist Financial reissued a “hold” rating and set a $72.00 target price (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and a consensus target price of $73.73.

Berry Global Group Trading Down 1.1 %

Shares of BERY stock opened at $70.73 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 2.57. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The firm’s 50 day moving average price is $68.37 and its two-hundred day moving average price is $64.60. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Berry Global Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group during the second quarter valued at $27,000. Quest Partners LLC lifted its position in Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares during the last quarter. LRI Investments LLC boosted its stake in Berry Global Group by 1,309.1% during the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 576 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Berry Global Group in the 2nd quarter worth about $42,000. Finally, American Capital Advisory LLC bought a new stake in shares of Berry Global Group during the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.