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Beyond Meat (BYND) Receives a Hold from Canaccord Genuity

Canaccord Genuity analyst Robert Burleson maintained a Hold rating on Beyond Meat (BYNDResearch Report) on February 25 and set a price target of $50.00. The company’s shares closed last Friday at $44.49, close to its 52-week low of $41.33.

According to TipRanks.com, Burleson is ranked #439 out of 7800 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Beyond Meat with a $54.11 average price target, implying a 20.8% upside from current levels. In a report issued on February 25, Piper Sandler also maintained a Hold rating on the stock with a $50.00 price target.

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The company has a one-year high of $162.78 and a one-year low of $41.33. Currently, Beyond Meat has an average volume of 3.74M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.

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Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under the brands The Beyond Burger and Beyond Sausage; and frozen meat namely Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.

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