Kepler Capital analyst Christian Nordby maintained a Buy rating on Ebro Foods (EBRPY) on April 7 and set a price target of EUR20.60. The company’s shares closed last Friday at $21.17.
According to TipRanks.com, Nordby is a 4-star analyst with an average return of 7.1% and a 74.0% success rate. Nordby covers the Consumer Goods sector, focusing on stocks such as Nestlé SA, Glanbia, and Emmi AG.
Ebro Foods has an analyst consensus of Moderate Buy, with a price target consensus of $24.56.
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Ebro Foods’ market cap is currently $3.23B and has a P/E ratio of 17.20. The company has a Price to Book ratio of 6.42.
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Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.