Grupo Bimbo (OTCMKTS:BMBOY) Shares Up 0.6% – Still a Buy?

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) traded up 0.6% on Monday . The stock traded as high as $14.64 and last traded at $14.04. 3,500 shares were traded during mid-day trading, an increase of 240% from the average session volume of 1,028 shares. The stock had previously closed at $13.9550.

Analysts Set New Price Targets

Separately, Barclays reiterated an “underweight” rating on shares of Grupo Bimbo in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Grupo Bimbo Stock Up 0.6%

The firm has a 50 day moving average price of $13.83 and a 200-day moving average price of $12.43.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. It offers sliced bread, buns and rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas and flatbreads, and salty snacks. The company provides its products under various brands.