Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) traded up 1.3% during mid-day trading on Tuesday . The stock traded as high as $13.17 and last traded at $13.13. 550 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 1,065 shares. The stock had previously closed at $12.9650.
Analysts Set New Price Targets
Separately, Barclays raised Grupo Bimbo from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.
Check Out Our Latest Research Report on BMBOY
Grupo Bimbo Price Performance
About Grupo Bimbo
Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.
The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.
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