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Ardagh reports 2% increase in glass shipments


Ardagh reports 2% increase in glass shipments
Published 24th February, 2021 by Greg Morris
Glass container manufacturer Ardagh Group reported a 2% increase in glass shipments in the second half of 2020 compared to the year before.
In its Quarter 4 and Final Year 2020 financial results the group said its Glass Packaging Europe division performed strongly in the quarter, with packaging volume/mix increasing by 2% compared to the same period last year.
Volume/mix in Glass Packaging in Europe increased in most categories, notably food, as lockdowns had a diminishing impact on consumption patterns compared with earlier in the year.
Adjusted EBITDA in Glass Europe of $92 million was 12% lower than the same period last year due to the timing of furnace rebuild activity and some capacity management initiatives in the quarter. ....

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Ardagh Group S.A. - Consensus Indicates Potential 4.5% Upside - DirectorsTalk Interviews


6:29 am
Ardagh Group S.A. found using ticker (ARD) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 21 and 14 calculating the average target price we see 18.71. With the stocks previous close at 17.9 this is indicating there is a potential upside of 4.5%. The 50 day moving average now sits at 17.51 and the 200 day MA is 15.02. The company has a market capitalisation of $4,155m. You can visit the company’s website by visiting: http://www.ardaghgroup.com
Ardagh Group S.A., together with its subsidiaries, manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates through four segments: Metal Beverage Packaging Europe, Metal Beverage Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its products include metal beverage cans and glass containers. The ....

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