Morgan Stanley upgraded shares of Grupo Bimbo (OTCMKTS:GRBMF) from an equal weight rating to an overweight rating in a report issued on Wednesday, The Fly reports.
Separately, Barclays cut Grupo Bimbo from an equal weight rating to an underweight rating in a research report on Monday, July 13th.
Shares of OTCMKTS GRBMF opened at $1.95 on Wednesday. The stock’s 50-day moving average is $1.86 and its two-hundred day moving average is $1.68. Grupo Bimbo has a 1-year low of $1.16 and a 1-year high of $2.09.
Grupo Bimbo, SAB. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products. The company offers fresh and frozen sliced bread, buns and rolls, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks, confectionery products, pastries, and other products.
Further Reading: Shanghai Stock Exchange Composite Index
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