Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) shares saw unusually-strong trading volume on Friday . 5,514 shares were traded during trading, an increase of 199% from the previous session’s volume of 1,845 shares.The stock last traded at $14.30 and had previously closed at $13.86.
Analysts Set New Price Targets
Separately, Zacks Research raised Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
View Our Latest Stock Report on Grupo Bimbo
Grupo Bimbo Trading Up 3.2%
About Grupo Bimbo
Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.
The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.
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