Berry Global Group (NYSE:BERY) Price Target Lowered to $72.00 at UBS Group

Berry Global Group (NYSE:BERY - Get Free Report) had its price objective dropped by investment analysts at UBS Group from $75.00 to $72.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. UBS Group's price objective indicates a potential upside of 10.07% from the stock's current price.

Several other research analysts have also recently weighed in on BERY. JPMorgan Chase & Co. reissued an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Barclays increased their price target on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. StockNews.com assumed coverage on Berry Global Group in a report on Saturday, January 4th. They issued a "buy" rating for the company. Citigroup reissued a "neutral" rating and issued a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. Finally, Royal Bank of Canada boosted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $73.30.

Berry Global Group Stock Down 1.3 %

NYSE BERY traded down $0.84 during trading hours on Friday, reaching $65.41. 886,838 shares of the company's stock traded hands, compared to its average volume of 1,160,423. The firm has a market cap of $7.54 billion, a PE ratio of 14.90, a PEG ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. Berry Global Group has a 52-week low of $54.06 and a 52-week high of $73.31. The firm has a 50-day simple moving average of $67.67 and a 200 day simple moving average of $66.16.

Insider Buying and Selling at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BERY. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group during the second quarter worth approximately $27,000. Quest Partners LLC increased its position in Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company's stock worth $32,000 after acquiring an additional 548 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Berry Global Group during the 2nd quarter valued at $42,000. Capital Performance Advisors LLP bought a new stake in Berry Global Group in the 3rd quarter valued at $75,000. Finally, GAMMA Investing LLC grew its position in Berry Global Group by 332.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company's stock worth $80,000 after purchasing an additional 908 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

Berry Global Group Company Profile

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.