Brown-Forman (BFA) Earns “Sector Perform” Rating from Royal Bank of Canada
Brown-Forman (NYSE:BFA)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Thursday. They currently have a $51.00 price target on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 2.52% from the stock’s previous close.
Brown-Forman (BFA) opened at 52.32 on Thursday. Brown-Forman has a 52-week low of $45.17 and a 52-week high of $60.28. The company’s 50 day moving average is $50.71 and its 200-day moving average is $48.29. The company has a market capitalization of $20.09 billion and a price-to-earnings ratio of 19.74.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 5th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, June 1st.
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