Brokerage Firm Rating Update on B&G Foods (BGS)

B&G Foods (BGS) : 7 analysts are covering B&G Foods (BGS) and their average rating on the stock is 2.86, which is read as a Hold. B&G Foods (BGS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

B&G Foods (BGS) : 6 investment research analysts covering B&G Foods (BGS) have an average price target of $47.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $38 for the short term. Analysts expect the variance to be within $4.92 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm DA Davidson downgrades its rating on B&G Foods (NYSE:BGS). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at DA Davidson maintains a current price target of $52 per share. The rating by the firm was issued on August 9, 2016.

B&G Foods (NYSE:BGS): The stock opened at $47.05 and touched an intraday high of $47.28 on Wednesday. During the day, the stock corrected to an intraday low of $46.14, however, the bulls stepped in and pushed the price higher to close in the green at $47.21 with a gain of 0.11% for the day. The total traded volume for the day was 758,918. The stock had closed at $47.16 in the previous trading session.

B&G Foods, Inc. (B&G Foods) is a holding company that manufactures, sells and distributes a range of shelf-stable food and household products across the United States, Canada and Puerto Rico. Its products include hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, 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. The Companys products are marketed under a range of brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Carys, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emerils, Grandmas Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonalds, Maple Grove Farms of Vermont and Molly McButter, among others.

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