B&G Foods (BGS) Receives Analyst Rating

B&G Foods (BGS) has an average broker rating of 2.86, which is interpreted as a Hold, as rated by 7 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

B&G Foods (BGS) stock is expected to deviate a maximum of $4.92 from the average target price of $47.17 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $38.


Also, Equity Analysts at the Brokerage Firm, DA Davidson, downgrades their rating on the shares of B&G Foods (NYSE:BGS). DA Davidson has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest report, the brokerage house maintains the price target to $52 per share. The rating by the firm was issued on August 9, 2016.

B&G Foods (NYSE:BGS): After opening at $46.92, the stock dipped to an intraday low of $46.67 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.08 and the buying power remained strong till the end. The stock closed at $47.96 for the day, a gain of 2.02% for the day session. The total traded volume was 741,692. The stocks close on the previous trading day was $47.01.

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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