Kepler Capital analyst Christian Nordby maintained a Buy rating on Ebro Foods (EBRPY) on June 8 and set a price target of EUR19.30. The company’s shares closed last Tuesday at $21.00.
Nordby has an average return of 1.8% when recommending Ebro Foods.
According to TipRanks.com, Nordby is ranked #1194 out of 7547 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebro Foods with a $23.49 average price target.
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The company has a one-year high of $25.45 and a one-year low of $19.85. Currently, Ebro Foods has an average volume of 35.
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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.
