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A report released earlier today by Deutsche Bank about Snyder’s-Lance Inc(NASDAQ:LNCE) ups the target price to $34

Yesterday Snyder’s-Lance Inc (NASDAQ:LNCE) traded 1.45% lower at $34.04. The company’s 50-day average is $33.71 and its two hundred day average is $32.08. With the last close up 6.11% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has increased 0.00% over the same period. Trading volume was was down over the average, with 452,031 shares of LNCE changing hands under the typical 624,619 shares..

Reporting a possible downside of 0.00%, Deutsche Bank upped the target stock price of Snyder’s-Lance Inc (NASDAQ:LNCE) to $34

See Chart Below:

Snyder's-Lance Inc (NASDAQ:LNCE)

Also covering Snyder’s-Lance Inc’s target price, a total of 6 brokers have issued a ratings update on Snyder’s-Lance Inc. The 12-month target price is $37.33 with three analysts rating the stock a strong buy, three firms rating the company a buy, three firms rating the stock a hold, zero rating the stock to underperform, and finally zero firmsrating the stock as sell.

Snyder’s-Lance Inc has a one-year low of $27.93 and a one-year high of $39.10 with a P/E ratio of 175 and has a market capitalization of $3.3B.

About Snyder’s-Lance Inc (NASDAQ:LNCE)

Snyder’s-Lance, Inc. is a snack food company. The Company operates in the manufacturing, distribution, marketing and sale of snack food products segment. The Company’s products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. Additionally, the Company purchases certain cake products and sells under its brands. Its products are packaged in various single-serve, multi-pack and family-size configurations. The Company’s core brands include Snyder’s of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July. The Company’s allied brands include Tom’s, Archway, Jays, Stella D’oro, EatSmart Snacks, Krunchers! and O-Ke-Doke. The Company also sells Partner brand products, and which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).

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