What Does Wall Street Think About JBS N.V. (JBS)?

JBS N.V. (NYSE:JBS) is one of the top cheap stocks under $20 to buy now. JBS N.V. (NYSE:JBS) reported on December 12 that JBS Pork Australia officially announced the completion of a two-year project to build brand-new housing for their breeding herd, with the sheds measuring 25,000 m2 total in size. Management stated that the new facility represents a considerable expansion of JBS Pork Australia’s farming capability, delivering a number of benefits that bolster biosecurity, enhance animal welfare outcomes, and support growth across global and domestic markets experiencing growing demand of high-quality Australian pork.

The initiative marks the largest upgrade in the history of the site, which was established in 1963, with the new facility’s climate-controlled features boosting the safety and well being of the 57 employed staff. The modern housing and animal facilities, along with the ventilation infrastructure, ensure optimised pig welfare and care. It is one of the most significant pork producers in the country, and contributes around 5% of Australia’s fresh pork supply.

In a separate development, JBS N.V. (NYSE:JBS) received a rating update from Grupo Santander analyst Guilherme Palhares on December 11, who upgraded the stock to Outperform from Neutral and set a $17 price target. Barclays analyst Benjamin Theurer also revised their rating on the stock on December 8, reaffirming a Buy rating on JBS N.V. (NYSE:JBS) and setting a $22 price target.

JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb meat, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.

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Disclosure: None. This article is originally published at Insider Monkey.