HSBC cut shares of BID (OTCMKTS:BPPPF) from a buy rating to a hold rating in a report released on Monday, The Fly reports.

Shares of BPPPF stock opened at $16.00 on Monday.

About BID

Bid Corporation Limited provides foodservice solutions in South Africa and internationally. The company distributes fresh ingredients, including fish, seafood, meat, produce, dairy products, and ambient goods for the hospitality, institutional, catering, and retail sectors. It also provides foodservice and beverage distribution services for the HoReCa sector; and develops e-commerce solutions.

See Also: Hold Rating

The Fly

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