Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
Shares of AG Barr Plc (LON: BAG) today fell 8.3% after the company’s price target was cut to 310p from 380p by Barclays Capital and its investment rating lowered to ‘Underweight.’
The rating downgrade by Barclays came shortly after the FTSE Russell, which maintains both the FTSE 100 and 250 indices announced that AG Barr Plc would be demoted from the FTSE 250 index later this month as part of its quarterly review.
The soft drinks manufacturer can’t seem to catch a break today and its no wonder that its shares fell to multi-year lows last seen in June 2012 following the two announcements.
Regardless of today’s negative developments AG Barr Plc still boasts of strong fundamentals and its stock price is likely to recover over the long term.*
*This is not investment advice, you should do your own due diligence before making any investment decisions.
AG Barr share price
AG Barr shares today fell 8.3% to trade at 385p having ended yesterday’s session trading at 420p.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .