Analyst Price Target Update on BPC Acquisition Corp (NYSE:BERY)

BPC Acquisition Corp (NYSE:BERY): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $43.75 in BPC Acquisition Corp (NYSE:BERY). However, the stock price could fluctuate by $ 1.5 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $45 price target with the lower price estimate is calculated at $42

Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs assumes the rating on BPC Acquisition Corp (NYSE:BERY). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $50 per share. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Greene Jason K., officer (EVP – Chief Legal Officer) of Berry Plastics Group Inc, had unloaded 6,314 shares at an average price of $39.02 in a transaction dated on May 24, 2016. The total value of the transaction was worth $246,372.

BPC Acquisition Corp (NYSE:BERY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.91 points or 2.38% at $37.27 with 1,166,333 shares getting traded. Post opening the session at $37.9, the shares hit an intraday low of $37.2 and an intraday high of $38.09 and the price was in this range throughout the day. The company has a market cap of $4,506 million and the number of outstanding shares have been calculated to be 120,900,000 shares. The 52-week high of BPC Acquisition Corp (NYSE:BERY) is $40 and the 52-week low is $27.79.

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.

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