BPC Acquisition Corp (BERY) : Analyst Rating Update

BPC Acquisition Corp (BERY) has an average broker rating of 1.17, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

BPC Acquisition Corp (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.

BPC Acquisition Corp (NYSE:BERY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.52 and $38.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.80, notching a gain of 0.60% for the day. The total traded volume was 1,111,117 . The stock had closed at $38.57 on the previous day.

Also, Barclays initiates coverage on BPC Acquisition Corp (NYSE:BERY). In the latest research report, Barclays announces the target price to $45 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on June 15, 2016. The company shares have rallied 15.58% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $40.00 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $38.25 and the 200 Day Moving Average price is recorded at $34.67.

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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