RBC Capital analyst Nik Modi maintained a Hold rating on B&G Foods (BGS – Research Report) on October 11 and set a price target of $12.00. The company’s shares closed yesterday at $8.00.
Modi covers the Consumer Defensive sector, focusing on stocks such as General Mills, Campbell Soup, and Clorox. According to TipRanks, Modi has an average return of 6.8% and a 58.68% success rate on recommended stocks.
B&G Foods has an analyst consensus of Moderate Sell, with a price target consensus of $11.50, representing a 43.75% upside. In a report released on October 12, Barclays also maintained a Hold rating on the stock with a $10.00 price target.
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The company has a one-year high of $16.13 and a one-year low of $7.20. Currently, B&G Foods has an average volume of 1.21M.
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B&G Foods (BGS) Company Description:
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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