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

Kepler Capital analyst Christian Nordby 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, Nordby is a 3-star analyst with an average return of 1.8% and a 48.1% success rate. Nordby covers the Consumer Goods sector, focusing on stocks such as Norway Royal Salmon ASA, Nestlé SA, and Glanbia.

Currently, the analyst consensus on Ebro Foods is a Moderate Buy with an average price target of $25.66.

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The company has a one-year high of $23.05 and a one-year low of $18.65. Currently, Ebro Foods has an average volume of 2.

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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.