What is Wall Street's Target Price for B&G Foods, Inc. (BGS) Stock Wednesday?

Analysts who follow B&G Foods, Inc. (BGS) on average expect it to decline -15.88% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns B&G Foods, Inc. an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating BGS a Hold today. Find out what this means to you and get the rest of the rankings on BGS!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With B&G Foods, Inc. Stock Today?

B&G Foods, Inc. (BGS) stock is down -1.7% while the S&P 500 has gained 0.06% as of 1:50 PM on Wednesday, Jan 19. BGS has fallen -$0.57 from the previous closing price of $33.26 on volume of 331,530 shares. Over the past year the S&P 500 is up 20.56% while BGS has gained 11.27%. BGS earned $1.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 25.31. Click Here to get the full Stock Report for B&G Foods, Inc. stock.