BF-B (BF-B) Given Consensus Recommendation of “Hold” by Analysts
Shares of BF-B (NASDAQ:BF-B) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $51.71.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of BF-B from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) raised shares of BF-B from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $51.00 to $56.00 in a report on Thursday, September 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of BF-B in a report on Friday, September 1st.
Shares of BF-B (NASDAQ BF-B) opened at 55.91 on Wednesday. The stock has a market cap of $21.48 billion and a P/E ratio of 30.87. The company has a 50-day moving average of $54.62 and a 200 day moving average of $50.68. BF-B has a 52-week low of $43.72 and a 52-week high of $59.71.
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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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