In a report issued on October 17, Arun Viswanathan from RBC Capital reiterated a Buy rating on Ardagh Group SA (NYSE: ARD), with a price target of $20. The company’s shares closed on Friday at $15.47, close to its 52-week low of $14.77.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 6.6% and a 53.1% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
Currently, the analyst consensus on Ardagh Group SA is a Moderate Buy with an average price target of $19.
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Based on Ardagh Group SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $58 million. In comparison, last year the company had a net profit of $62.26 million.
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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.
