RBC Capital analyst David Palmer reiterated a Buy rating on B&G Foods (NYSE: BGS) yesterday and set a price target of $35. The company’s shares opened today at $25.90.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.1% and a 67.9% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hostess Brands Inc, and Campbell Soup.
B&G Foods has an analyst consensus of Strong Buy, with a price target consensus of $33.75, a 30.3% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a $33 price target.
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The company has a one-year high of $39.75 and a one-year low of $22. Currently, B&G Foods has an average volume of 652.1K.
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B&G Foods, Inc. engages in the manufacture, sell, and distribution of shelf-stable foods and household products. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.
