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B&G Foods (BGS) Stock Forecast & Price Target

$7.96
-0.20 (-2.45%)
(As of 10/9/2024 ET)

B&G Foods - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
0

Based on 4 Wall Street analysts who have issued ratings for B&G Foods in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 4 have given a hold rating for BGS.

Consensus Price Target

$8.67
8.74% Upside
According to the 4 analysts' twelve-month price targets for B&G Foods, the average price target is $8.67. The highest price target for BGS is $10.00, while the lowest price target for BGS is $8.00. The average price target represents a forecasted upside of 8.74% from the current price of $7.97.
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BGS Analyst Ratings Over Time

TypeCurrent Forecast
10/10/23 to 10/9/24
1 Month Ago
9/10/23 to 9/9/24
3 Months Ago
7/12/23 to 7/11/24
1 Year Ago
10/10/22 to 10/10/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$8.67$8.88$9.17$12.00
Forecasted Upside8.74% Upside3.26% Upside16.25% Upside43.71% Upside
Consensus Rating
Hold
Reduce
Reduce
Strong Sell

BGS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BGS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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B&G Foods Stock vs. The Competition

TypeB&G FoodsConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.00
2.45
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside8.74% Upside143.59% Upside7.26% Upside
News Sentiment Rating
Positive News

See Recent BGS News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/7/2024Evercore ISI
2 of 5 stars
D. Palmer
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UpgradeHold
8/7/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$10.00 ➝ $10.00+15.47%
7/19/2024Barclays
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$10.00 ➝ $8.00-1.96%
7/11/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$9.00 ➝ $8.00+3.43%
9/19/2023TD Cowen
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 Lower TargetUnderperform ➝ Underperform$10.00 ➝ $9.50-7.50%
12/1/2022Consumer Edge
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 DowngradeEqual Weight ➝ Underweight$9.00-32.23%
11/10/2022BMO Capital Markets
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 Lower TargetMarket Perform$21.00 ➝ $14.00-4.44%
11/10/2022Credit Suisse Group
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 Lower TargetUnderperform$14.50 ➝ $12.50-14.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:34 PM ET.


BGS Forecast - Frequently Asked Questions

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for B&G Foods is $8.67, with a high forecast of $10.00 and a low forecast of $8.00.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for B&G Foods in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BGS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BGS, but not buy additional shares or sell existing shares.

According to analysts, B&G Foods's stock has a predicted upside of 8.81% based on their 12-month stock forecasts.

Over the previous 90 days, B&G Foods's stock had 1 upgrade by analysts.

B&G Foods has been rated by research analysts at Barclays, Evercore ISI, Piper Sandler, and Royal Bank of Canada in the past 90 days.

Analysts like B&G Foods less than other "consumer staples" companies. The consensus rating score for B&G Foods is 2.00 while the average consensus rating score for "consumer staples" companies is 2.45. Learn more on how BGS compares to other companies.


This page (NYSE:BGS) was last updated on 10/9/2024 by MarketBeat.com Staff
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