Brown-Forman Coverage Initiated at Socgen (BF-B)
Analysts at Socgen began coverage on shares of Brown-Forman (NASDAQ:BF-B) in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. The firm set a “hold” rating on the stock.
Shares of Brown-Forman (NASDAQ:BF-B) traded down 1.35% during mid-day trading on Friday, hitting $77.00. 683,527 shares of the company’s stock traded hands. Brown-Forman has a 52-week low of $63.84 and a 52-week high of $80.76. The stock has a 50-day moving average of $76.28 and a 200-day moving average of $72.82. The company has a market cap of $16.416 billion and a P/E ratio of 27.10.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Brown-Forman in a research note to investors on Thursday. They set a “hold” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Brown-Forman in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Finally, analysts at ISI Group upgraded shares of Brown-Forman to a “strong-buy” rating in a research note to investors on Thursday, January 16th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.63.
Brown-Forman Corporation, manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.
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