Kepler Capital analyst Jon Cox maintained a Buy rating on Ebro Foods (EBRPY – Research Report) on July 26 and set a price target of EUR19.30. The company’s shares closed last Monday at $20.60, close to its 52-week low of $20.05.
According to TipRanks.com, Cox is a 3-star analyst with an average return of 3.6% and a 56.3% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Hermes International, and Nestlé SA.
Currently, the analyst consensus on Ebro Foods is a Moderate Buy with an average price target of $22.81.
Ebro Foods’ market cap is currently $3.17B and has a P/E ratio of 13.60. The company has a Price to Book ratio of 6.28.
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Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.