Grupo Bimbo (OTCMKTS:BMBOY) Shares Gap Up – Still a Buy?

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) gapped up prior to trading on Friday . The stock had previously closed at $13.7246, but opened at $14.45. Grupo Bimbo shares last traded at $13.53, with a volume of 449 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Grupo Bimbo to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Grupo Bimbo Stock Down 0.6%

The firm has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $13.61.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.