Grupo Bimbo S.A.B. de C.V. (OTC:GRBMF) was upgraded by stock analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, reports.

Grupo Bimbo S.A.B. de C.V. (OTC:GRBMF) traded down 1.8108% on Friday, hitting $2.1798. 1,771 shares of the stock traded hands. Grupo Bimbo S.A.B. de C.V. has a 1-year low of $2.12 and a 1-year high of $3.17. The company has a market cap of $10.25 billion and a price-to-earnings ratio of 36.3300. The stock has a 50-day moving average price of $2.27 and a 200 day moving average price of $2.71.

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Grupo Bimbo S.A.B. de C.V. Company Profile

Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others.

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