In a report released on January 4, Michael Roxland from Truist Financial maintained a Hold rating on Amcor (AMCR – Research Report), with a price target of $10.00. The company’s shares closed last Friday at $9.74.
Roxland covers the Consumer Cyclical sector, focusing on stocks such as Crown Holdings, Avery Dennison, and Ball. According to TipRanks, Roxland has an average return of 7.0% and a 73.03% success rate on recommended stocks.
Amcor has an analyst consensus of Moderate Sell, with a price target consensus of $9.77.
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The company has a one-year high of $11.77 and a one-year low of $8.34. Currently, Amcor has an average volume of 8.31M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMCR in relation to earlier this year.
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Amcor (AMCR) Company Description:
Amcor Plc operates as a holding company, which engages in the provision of consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products. The company was founded on July 31, 2018 and is headquartered in Warmley, the United Kingdom.
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