In a report released on August 7, Robert Dickerson from Jefferies reiterated a Hold rating on B&G Foods (BGS – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $13.00.
Dickerson covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Conagra Brands, and General Mills. According to TipRanks, Dickerson has an average return of 1.6% and a 57.67% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for B&G Foods with a $14.75 average price target, which is a 13.46% upside from current levels. In a report released on August 4, Barclays also reiterated a Hold rating on the stock with a $15.00 price target.
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The company has a one-year high of $22.88 and a one-year low of $10.54. Currently, B&G Foods has an average volume of 789.7K.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BGS in relation to earlier this year.
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B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., 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, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.
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