Key Highlights:
- Amcor and Berry Global Group's merger gains unconditional European Commission approval.
- Analysts project a potential 15.89% upside for Amcor PLC (AMCR, Financial) stock.
- Amcor's GF Value suggests a 10.48% increase from the current price.
European Commission Greenlights Merger
Amcor (AMCR) and Berry Global Group have successfully obtained unconditional approval from the European Commission for their anticipated merger. This milestone ensures the companies can move forward confidently, with the transaction expected to wrap up by April 30, 2025.
Wall Street Analysts Forecast
According to the latest analysis from eight Wall Street experts, the average price target for Amcor PLC (AMCR, Financial) stands at $11.06, ranging between a high of $12.00 and a low of $10.00. This forecast indicates a promising upside potential of 15.89% from the current trading price of $9.54. For an in-depth look at these estimates, visit the Amcor PLC (AMCR) Forecast page.
A consensus recommendation from nine brokerage firms places Amcor PLC (AMCR, Financial) at an average rating of 2.3, suggesting an "Outperform" status. The brokerage rating scale spans from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus Metrics and Valuation
GuruFocus offers a comprehensive GF Value estimate for Amcor PLC (AMCR, Financial), pegging it at $10.54 in one year. This estimation proposes a 10.48% climb from its existing price of $9.54. The GF Value metric reflects the fair value Amcor should ideally trade at, derived from historical trading multiples, past business growth, and anticipated future performance. For more detailed insights, explore the Amcor PLC (AMCR) Summary page.
