Grupo Bimbo (OTCMKTS:GRBMF) Shares Up 8.1% – What’s Next?

Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF)’s stock price traded up 8.1% on Friday . The stock traded as high as $3.87 and last traded at $3.87. 5,063 shares traded hands during trading, a decline of 53% from the average session volume of 10,748 shares. The stock had previously closed at $3.5785.

Wall Street Analysts Forecast Growth

Separately, Santander downgraded shares of Grupo Bimbo to a “neutral” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Grupo Bimbo Stock Performance

The company has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $3.29.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. is a leading global bakery company headquartered in Mexico City. Established in 1945, the company specializes in the production, distribution and marketing of fresh and packaged bakery products, including bread, rolls, cakes, cookies and tortillas. Its diverse product portfolio also extends to snacks, confectionery items and ready-to-eat baked goods, serving both retail and foodservice channels across multiple markets.

Over the decades, Grupo Bimbo has grown through strategic acquisitions and organic expansion, integrating well-known brands such as Bimbo, Marinela, Entenmann’s, Sara Lee, Thomas’, Arnold and Oroweat into its portfolio.