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RBC Capital disclosed Berry Plastics (NYSE:BERY), boosting its price target to $60.00 earlier today

Just yesterday Berry Plastics (NYSE:BERY) traded -0.34% lower at $49.94. Berry Plastics’s 50-day moving average is $44.81 and its 200-day moving average is $42.17. The last closing price is up 18.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 2,404,012 shares of BERY traded hands, up from an average trading volume of 1,436,200

Reporting a potential upside of 0.20%, RBC Capital increased the stock price target of Berry Plastics (NYSE:BERY) to $60.00

Previously on 2/16/2016, Citigroup reported on Berry Plastics (NYSE:BERY) reduced the target price from $40.00 to $37.00. At the time, this indicated a possible upside of 0.26%.

Recent Performance Chart

Berry Plastics (NYSE:BERY)

Berry Plastics has 52 week low of $27.79 and a 52 week high of $50.88 with a PE ratio of 29.77 and has a market capitalization of $0.

In addition to RBC Capital reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $44.22 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Berry Plastics (NYSE:BERY)

Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles. The Company has three segments: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials. The Company sells its products to end markets, such as healthcare, personal care, and food and beverage. The Company's Health, Hygiene and Specialties segment includes the personal care films and international business. Its Consumer Packaging segment consists of the food and consumer films business, and the custom shrink films business. Its Engineered Material segment includes the converter films business. It provides thermoformed polypropylene (PP) and injection-molded plastic drink cups in the United States. It offers a range of extruded and laminate tubes of various sizes.

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