Brown-Forman Receives Average Recommendation of “Buy” from Analysts (NASDAQ:BF-B)
Shares of Brown-Forman (NASDAQ:BF-B) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, ARN reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $91.81.
Shares of Brown-Forman (NASDAQ:BF-B) traded down 0.17% during mid-day trading on Friday, hitting $94.51. 83,388 shares of the company’s stock traded hands. Brown-Forman has a 52-week low of $66.41 and a 52-week high of $94.77. The stock has a 50-day moving average of $90.81 and a 200-day moving average of $83.18. The company has a market cap of $20.158 billion and a P/E ratio of 31.77.
A number of analysts have recently weighed in on BF-B shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brown-Forman in a research note on Thursday. They now have a $105.00 price target on the stock, up previously from $100.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Brown-Forman in a research note on Thursday. They now have a $99.00 price target on the stock, up previously from $93.00. Finally, analysts at Nomura raised their price target on shares of Brown-Forman from $89.00 to $93.00 in a research note on Thursday. They now have a “neutral” rating on the stock.
Brown-Forman Corporation, manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.
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