A statement released earlier today by RBC Capital Markets about B&G Foods (NYSE:BGS) bumps the target price to $57.00
- Updated: September 22, 2016
RBC Capital Markets increased the stock price target of B&G Foods (NYSE:BGS) to $57.00 indicating a possible upside of 0.13%.
On 8/09/2016, DA Davidson released a statement for B&G Foods (NYSE:BGS) upped the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.02%.
Yesterday B&G Foods (NYSE:BGS) traded 1.69% higher at $50.47. B&G Foods’s 50-day average is $47.97 and its two hundred day average is $42.92. With the last close up 17.60% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 883,944 shares of BGS changing hands over the typical 679,325
With a total market value of $0, B&G Foods has price-earnings ratio of 31.82 with a one year low of $31.81 and a one year high of $52.84 .
In addition to RBC Capital Markets reporting its target price, a total of 8 firms have issued a report on the stock. The consensus target price is $41.50 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On B&G Foods (NYSE:BGS)
B&G Foods, Inc. is a holding company. The Company manufactures, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril's, Grandma's Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont and Molly McButter.
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