Ebro Foods (EBRPY) was Upgraded to a Buy Rating at Kepler Capital

Kepler Capital analyst Jon Cox upgraded Ebro Foods (EBRPYResearch Report) to Buy on October 15 and set a price target of EUR20.50. The company’s shares closed last Wednesday at $23.05, equals to its 52-week high of $23.05.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -2.6% and a 48.2% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Anheuser-Busch Inbev Sa, and Hermes International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebro Foods with a $25.66 average price target.

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Ebro Foods’ market cap is currently $3.55B and has a P/E ratio of 18.70. The company has a Price to Book ratio of 6.99.

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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.