Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY – Get Free Report) gapped up before the market opened 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Grupo Bimbo to a “hold” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
View Our Latest Report on BMBOY
Grupo Bimbo Stock Down 0.9%
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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