On 11/6/24, B&G Foods Inc (NYSE: BGS) stock suffered a major decline of -19.8%, closing at $7.07. Moreover, this decline was accompanied by exceptionally high trading volume at 661% of normal. Relative to the market the stock has been weak over the last nine months and has declined -19.8% during the last week.
Current PriceTarget Research Rating
BGS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
B&G Foods has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a slightly positive Appreciation Score of 62 but a poor Power Rating of 27, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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