Industrias Bachoco, S.A.B. de C – Consensus Indicates Potential 1.5% Upside

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Industrias Bachoco, S.A.B. de C found using ticker (IBA) have now 1 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 40 and 40 calculating the mean target price we have 40. Now with the previous closing price of 39.4 this would imply there is a potential upside of 1.5%. The day 50 moving average is 38.64 and the 200 day MA is 36.34. The market cap for the company is $1,900m. Company Website: http://bachoco.com.mx

Industrias Bachoco, S.A.B. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It operates in two segments, Poultry and Others. The company is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. It also produces and distributes chicken, pork, fish, turkey, pet food, cattle, and beef value-added products, as well as medicines and vaccines for animal consumption; provides administrative and operating services; and elaborates and commercializes balanced animal feed and pet treats. In addition, the company provides insurance coverage to its affiliates; and leases property, plant, and equipment. It sells its products through wholesalers and retailers, as well as directly to supermarkets and food-service operators. The company was founded in 1952 and is headquartered in Celaya, Mexico. Industrias Bachoco, S.A.B. de C.V. is a subsidiary of Robinson Bours Family Trust.

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