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Barclays Sticks to Its Buy Rating for JBS (JBS)

Tipranks - Tipranks - Wed Jun 10, 4:12AM CDT

Barclays analyst Benjamin Theurer maintained a Buy rating on JBS today and set a price target of $21.00.

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Theurer covers the Consumer Defensive sector, focusing on stocks such as Ingredion, Pilgrim’s Pride, and Bunge Global. According to TipRanks, Theurer has an average return of 4.6% and a 51.29% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JBS with a $19.03 average price target.

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Based on JBS’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $111.47 billion and a net profit of $1.14 billion. In comparison, last year the company earned a revenue of $114.13 billion and had a net profit of $2.92 billion

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