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

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

Berry Plastics Group Inc. (NYSE:BERY) received a $60.00 price objective from Credit Suisse Group AG in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s price target points to a potential upside of 29.51% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Berry Plastics Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Berry Plastics Group in a research note on Thursday, October 20th. JPMorgan Chase & Co. assumed coverage on shares of Berry Plastics Group in a research note on Tuesday, September 13th. They issued an “overweight” rating and a $54.00 target price for the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $56.00 target price (up from $52.00) on shares of Berry Plastics Group in a research note on Monday, August 29th. Finally, Robert W. Baird lifted their target price on shares of Berry Plastics Group from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $49.69.

Berry Plastics Group (NYSE:BERY) opened at 46.33 on Friday. The company has a 50-day moving average price of $44.73 and a 200 day moving average price of $42.04. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 27.71 and a beta of 1.07. Berry Plastics Group has a 12-month low of $27.79 and a 12-month high of $47.26.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in Berry Plastics Group by 120.7% in the first quarter. Prudential Financial Inc. now owns 18,537 shares of the company’s stock valued at $670,000 after buying an additional 10,137 shares during the last quarter. A.R.T. Advisors LLC raised its position in Berry Plastics Group by 27.9% in the first quarter. A.R.T. Advisors LLC now owns 36,678 shares of the company’s stock valued at $1,325,000 after buying an additional 8,000 shares during the last quarter. Panagora Asset Management Inc. raised its position in Berry Plastics Group by 0.8% in the first quarter. Panagora Asset Management Inc. now owns 377,294 shares of the company’s stock valued at $13,639,000 after buying an additional 2,825 shares during the last quarter. Royal Bank of Canada raised its position in Berry Plastics Group by 85.5% in the first quarter. Royal Bank of Canada now owns 712,343 shares of the company’s stock valued at $25,751,000 after buying an additional 328,262 shares during the last quarter. Finally, Avalon Advisors LLC raised its position in Berry Plastics Group by 13.3% in the first quarter. Avalon Advisors LLC now owns 34,823 shares of the company’s stock valued at $1,259,000 after buying an additional 4,096 shares during the last quarter.

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