RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Ardagh Group SA (ARD) today and set a price target of $18. The company’s shares opened today at $14.04, close to its 52-week low of $13.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 7.0% and a 56.7% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Venator Materials Plc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ardagh Group SA with a $17.33 average price target, implying a 23.4% upside from current levels. In a report issued on October 29, Deutsche Bank also maintained a Buy rating on the stock with a $18 price target.
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Ardagh Group SA’s market cap is currently $3.32B and has a P/E ratio of 37.60. The company has a Price to Book ratio of -2.60.
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Ardagh Group SA engages in the provision of packaging solutions for food and beverage markets. It operates through the Metal Packaging and Glass Packaging divisions.
