Wells Fargo Keeps Their Hold Rating on Ardagh Metal Packaging (AMBP)

Wells Fargo analyst Gabrial Hajde maintained a Hold rating on Ardagh Metal Packaging (AMBPResearch Report) today and set a price target of $5.45. The company’s shares closed yesterday at $4.90.

Hajde covers the Basic Materials sector, focusing on stocks such as Crown Holdings, Packaging, and AptarGroup. According to TipRanks, Hajde has an average return of 1.1% and a 50.00% success rate on recommended stocks.

Currently, the analyst consensus on Ardagh Metal Packaging is a Moderate Buy with an average price target of $7.18, implying a 46.53% upside from current levels. In a report released on October 5, Morgan Stanley also maintained a Hold rating on the stock with a $6.30 price target.

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AMBP market cap is currently $2.96B and has a P/E ratio of -167.24.

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