Fomento Economico Mexicano S.A. – Consensus Indicates Potential 6.9% Upside

Broker Ratings

Fomento Economico Mexicano S.A. with ticker code (FMX) now have 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 104 and 54 and has a mean target at 81.33. With the stocks previous close at 76.06 this would indicate that there is a potential upside of 6.9%. The day 50 moving average is 64.17 and the 200 moving average now moves to 61.64. The market capitalisation for the company is $27,763m. Find out more information at: http://www.femsa.com

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions. As of December 31, 2019, it operated 19,330 OXXO small-format stores in Mexico, Colombia, Chile, and Peru; 3,161 drugstores in Mexico, Chile, Colombia, and Ecuador; and 545 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.

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