B&G Foods (NYSE:BGS) Hit With “Neutral” Rating From D. A. Davidson, Analysts Expect $39.00 Stock Price

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Why Has D. A. Davidson Given B&G Foods (NYSE:BGS) a $39.00 Price Target

Researchers at D. A. Davidson placed a key “Neutral” rating for B&G Foods (NYSE:BGS). The firm began coverage in a recent report revealed to clients on Friday, 11 December. The target would possibly suggest upside of 12.98% from the close price.

From a total of 6 analysts covering B&G Foods (NYSE:BGS) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $43 while the lowest target price is $36. The mean of all analyst targets is $38.67 with a 8.42% above today’s ($34.43) stock price. B&G Foods was the topic of 11 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Barclays Capital initiated shares on October 20 with “Equal-Weight” rating. William Blair maintained BGS stock in a recent report from September 4 with “Outperform” rating. Finally, Stephens upgraded the stock to “Ver” rating in a report issued on a September 4.

Approximately 202,013 shares of stock traded hands. B&G Foods, Inc. (NYSE:BGS) has risen 16.34% since May 8, 2015 and is uptrending. It has outperformed by 19.36% the S&P500.

B&G Foods, Inc. is a holding firm that makes, sells and distributes a range of shelf-stable food and household products across the United States, Canada and Puerto Rico. The company has a market cap of $2.02 billion. The Company’s 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 products, puffed corn and rice snacks, nut clusters and other specialty products. It has 27.57 P/E ratio.

According to Zacks Investment Research, “B&G FOODS and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&G Foods’ products include hot cereals, fruit spreads, canned meats and beans, spices, seasonings, marinades, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, taco shells and kits, salsas, pickles, peppers and other specialty food products. B&G Foods competes in the retail grocery, food service, specialty, private label, club and mass merchandiser channels of distribution. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Brer Rabbit, Cream of Rice, Cream of Wheat, Emeril’s, Grandma’s Molasses, Joan of Arc, Las Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil, Regina, Sa-son, Trappey’s, Underwood, Vermont Maid and Wright’s.” Get a free copy of the Zacks research report on B&G Foods, Inc. (BGS).

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