Today, Berry Plastics Group Inc. (BERY) Given a $60.00 Price Target at Credit Suisse Group AG

Today, Berry Plastics Group Inc. (BERY) Given a $60.00 Price Target at Credit Suisse Group AG
Berry Plastics Group Inc. (NYSE:BERY) received a $60.00 target price from equities research analysts at Credit Suisse Group AG in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 29.51% from the company’s current price.

Several other brokerages also recently weighed in on BERY. Robert W. Baird upped their target price on shares of Berry Plastics Group from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Berry Plastics Group in a report on Thursday, October 20th. Zacks Investment Research raised shares of Berry Plastics Group from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a report on Monday, August 8th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $47.00 target price (up previously from $44.00) on shares of Berry Plastics Group in a report on Saturday, August 13th. Finally, Royal Bank Of Canada upped their target price on shares of Berry Plastics Group from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.69.

Shares of Berry Plastics Group (NYSE:BERY) traded down 0.02% on Friday, reaching $46.33. The company had a trading volume of 535,403 shares. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 27.71 and a beta of 1.07. Berry Plastics Group has a 52 week low of $27.79 and a 52 week high of $47.26. The stock’s 50 day moving average is $44.73 and its 200 day moving average is $42.04.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Scout Investments Inc. acquired a new position in shares of Berry Plastics Group during the third quarter worth approximately $227,000. Price T Rowe Associates Inc. MD increased its position in shares of Berry Plastics Group by 9.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 951,034 shares of the company’s stock worth $41,703,000 after buying an additional 81,611 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of Berry Plastics Group by 20.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 27,211 shares of the company’s stock worth $1,203,000 after buying an additional 4,593 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Berry Plastics Group by 206.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 254,153 shares of the company’s stock worth $11,144,000 after buying an additional 171,334 shares during the last quarter. Finally, Canyon Capital Advisors LLC increased its position in shares of Berry Plastics Group by 10.8% in the third quarter. Canyon Capital Advisors LLC now owns 3,568,501 shares of the company’s stock worth $156,479,000 after buying an additional 347,526 shares during the last quarter.

Berry Plastics Group Company Profile

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