Industrias Bachoco, S.A.B. de C.V. (IBA) Social Stream
INDUSTRIAS BACHOCO SAB DE CV (IBA) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering INDUSTRIAS BACHOCO SAB DE CV.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-10 | 1 | $48 | $48 | $48 | $53 | -9.43% |
| 2022-04-11 | 1 | $49 | $49 | $49 | $53 | -7.55% |
| 2022-05-13 | 1 | $51 | $51 | $51 | $53 | -3.77% |
| 2022-10-13 | 1 | $57 | $57 | $57 | $53 | 7.55% |
| 2023-01-20 | 1 | $56 | $56 | $56 | $53 | 5.66% |
| 2023-02-22 | 1 | $56 | $56 | $56 | $53 | 5.66% |
Price Target Last Issued February 22, 2023
The Trend in the Analyst Price Target
IBA's average price target has moved up $8.54 over the prior 28 months.
Over the past 41 weeks, IBA's average upside potential has been 14.33%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-05-13 | 1 | 51 | 51 | 51 | 46.34 | 10.06% |
| 2022-10-13 | 1 | 57 | 57 | 57 | 48.40 | 17.77% |
| 2022-11-14 | 1 | 56 | 56 | 56 | 50.85 | 10.13% |
| 2023-01-20 | 1 | 56 | 56 | 56 | 52.44 | 6.79% |
| 2023-02-22 | 1 | 56 | 56 | 56 | 53.28 | 5.11% |
IBA Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 1 | 0 | 0 | 1 |
The Trend in the Broker Recommendations
IBA's average broker recommendation rating worsened by 0.67 over the prior 34 months.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- IBA has a greater number of analysts covering the stock than nearly none of all US stocks.
- To contextualize these metrics, consider that out of all US stocks, INDUSTRIAS BACHOCO SAB DE CV's variance in analysts' estimates is lower than almost 100% of them.
- In terms of how INDUSTRIAS BACHOCO SAB DE CV fares relative to stocks in the mid market cap category, note that its upside potential (average analyst target price relative to current price) is greater than 61.22% of that group.
- In the context of stocks in the mid market cap category, INDUSTRIAS BACHOCO SAB DE CV's average analyst price target is greater than 315.75% of them.
In terms of price targets and recommendations offered by analysts, the stocks in the Food Products industry with the ratings most similar to INDUSTRIAS BACHOCO SAB DE CV are PPC, TR, and BRBR.
View All Top Stocks by Price Target
Is IBA a Buy, Hold or Sell? See the POWR Ratings now!