Beyond Meat (BYND) Gets a Hold Rating from Oppenheimer
In a report released today, Rupesh Parikh from Oppenheimer maintained a Hold rating on Beyond Meat (BYND). The company’s shares closed last Friday at $59.91, close to its 52-week low of $45.00.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 13.5% and a 60.1% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Dollar General.
Currently, the analyst consensus on Beyond Meat is a Hold with an average price target of $87.27, a 47.9% upside from current levels. In a report issued on April 2, D.A. Davidson also upgraded the stock to Hold with a $62.00 price target.
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The company has a one-year high of $239.72 and a one-year low of $45.00. Currently, Beyond Meat has an average volume of 9.73M.
Based on the recent corporate insider activity of 69 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 BYND in relation to earlier this year.
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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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