Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) shares were down 2% during trading on Wednesday . The stock traded as low as $13.9290 and last traded at $13.9290. Approximately 511 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 1,039 shares. The stock had previously closed at $14.21.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded Grupo Bimbo from an “underweight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Grupo Bimbo currently has a consensus rating of “Buy”.
Check Out Our Latest Report on Grupo Bimbo
Grupo Bimbo Stock Performance
About Grupo Bimbo
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.
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