Grupo Bimbo (OTCMKTS:BMBOY) Stock Price Up 3.4% – Should You Buy?

Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:BMBOY) shot up 3.4% during trading on Tuesday . The company traded as high as $13.35 and last traded at $13.02. 1,122 shares traded hands during trading, an increase of 1% from the average session volume of 1,106 shares. The stock had previously closed at $12.59.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Grupo Bimbo from an “underweight” rating to an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Grupo Bimbo Stock Up 3.4%

The stock has a fifty day moving average of $13.67 and a two-hundred day moving average of $12.51.

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.