BPC Acquisition Corp (NYSE:BERY) : 5 brokerage houses believe that BPC Acquisition Corp (NYSE:BERY) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 6 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.17.
BPC Acquisition Corp (NYSE:BERY) stock is expected to deviate a maximum of $1.41 from the average target price of $44 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $45 and the most muted being $42.
For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays initiates coverage on BPC Acquisition Corp (NYSE:BERY).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays announces the price target of $45 per share. The rating by the firm was issued on June 15, 2016.
BPC Acquisition Corp (NYSE:BERY): stock turned positive on Tuesday. Though the stock opened at $35.94, the bulls momentum made the stock top out at $36.75 level for the day. The stock recorded a low of $35.87 and closed the trading day at $36.75, in the green by 3.23%. The total traded volume for the day was 1,188,909. The stock had closed at $35.6 in the previous days trading.
In an insider trading activity,The officer (EVP – Chief Legal Officer) of Berry Plastics Group Inc, Greene Jason K. sold 6,314 shares at $39.02 on May 24, 2016. The Insider selling transaction had a total value worth of $246,372. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Berry Plastics Group, Inc. is engaged in providing plastic consumer packaging and engineered materials. The Companys products include drink cups, thin-wall containers, bottles, specialty closures, prescription vials, specialty films, adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top, which sells primarily containers, foodservice items, closures, overcaps, bottles, prescription containers, and tubes; Engineered Materials, which sells pipeline corrosion protection solutions, tapes and adhesives, PE (polyethylene)-based film products and can liners; and Flexible Packaging, which sells high barrier, multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.