In a report released today, Benjamin Theurer from Barclays assigned a Sell rating to Beyond Meat (BYND – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $7.52.
According to TipRanks, Theurer is a 4-star analyst with an average return of 5.7% and a 55.56% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Ingredion, Coca Cola Femsa SAB De CV, and Tyson Foods.
The word on The Street in general, suggests a Hold analyst consensus rating for Beyond Meat.
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BYND market cap is currently $504.1M and has a P/E ratio of -1.91.
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Beyond Meat (BYND) Company Description:
Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under the brands The Beyond Burger and Beyond Sausage; and frozen meat namely Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.
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