BF-B (BF-B) Stock Rating Reaffirmed by Citigroup Inc.
BF-B (NASDAQ:BF-B)‘s stock had its “neutral” rating restated by stock analysts at Citigroup Inc. in a note issued to investors on Friday. They presently have a $58.00 target price on the consumer goods maker’s stock, up from their previous target price of $54.00. Citigroup Inc.’s price objective would indicate a potential upside of 9.35% from the stock’s previous close.
Several other brokerages have also recently issued reports on BF-B. Royal Bank Of Canada restated a “hold” rating and issued a $51.00 price target on shares of BF-B in a research report on Tuesday, May 23rd. BidaskClub upgraded shares of BF-B from a “hold” rating to a “buy” rating in a research report on Friday. Credit Suisse Group restated a “neutral” rating on shares of BF-B in a research report on Thursday, June 8th. Societe Generale restated a “sell” rating on shares of BF-B in a research report on Thursday, June 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $49.00 price objective (up from $45.00) on shares of BF-B in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $51.00.
BF-B (NASDAQ:BF-B) traded up 0.30% during mid-day trading on Friday, reaching $53.20. 69,599 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $49.42 and a 200-day moving average of $48.69. The firm has a market cap of $20.44 billion and a price-to-earnings ratio of 31.11. BF-B has a 12 month low of $43.72 and a 12 month high of $59.71.
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BF-B Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskey, vodka, tequilas, champagnes, brandy, and liqueur. The company offers its products primarily under the Jack Daniels, Gentleman Jack, Korbel, Woodford Reserve, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Early Times, Old Forester, Pepe Lopez, Antiguo, Coopers Craft, Collingwood, and Slane Irish brands.
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