Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $3.37

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) have been given an average recommendation of "Hold" by the six research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.37.

AMBP has been the subject of a number of research reports. Bank of America lowered Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and decreased their price target for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. UBS Group lowered their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Finally, Citigroup cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday, January 6th.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $30,000. Ballentine Partners LLC bought a new stake in Ardagh Metal Packaging during the third quarter valued at about $42,000. nVerses Capital LLC grew its position in shares of Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after purchasing an additional 5,000 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Ardagh Metal Packaging in the fourth quarter worth about $42,000. Finally, Signaturefd LLC lifted its position in shares of Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock worth $71,000 after purchasing an additional 3,515 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Trading Down 4.4 %

Shares of NYSE:AMBP traded down $0.12 during trading on Thursday, reaching $2.51. The company had a trading volume of 1,447,795 shares, compared to its average volume of 1,020,081. The firm's fifty day moving average is $2.98 and its 200 day moving average is $3.42. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.26.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.