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A statement released earlier today by Credit Suisse about J.M. Smucker (NYSE:SJM) bumps down the target price to $120.00

Yesterday J.M. Smucker (NYSE:SJM) traded -0.70% lower at $118.15. The company’s 50-day moving average is $119.68 and its 200-day moving average is $127.99. The last closing price is down -7.01% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 1,698,431 shares of the stock traded hands, up from an average trading volume of 862,873

Indicating a possible upside of 0.02%, Credit Suisse reduced the stock price target of J.M. Smucker (NYSE:SJM) to $120.00

Previously on 7/03/2017, Credit Suisse reported on J.M. Smucker (NYSE:SJM) reduced the target price from $126.00 to $120.00. At the time, this indicated a possible upside of 0.01%.

See Chart Below

J.M. Smucker (NYSE:SJM)

J.M. Smucker has a 52 week low of $114.31 and a 52 week high of $149.80 with a P/E ratio of 23.34 The company’s market cap is currently $0.

In addition to Credit Suisse reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $147.80 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About J.M. Smucker (NYSE:SJM)

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company's segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company's U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. In the U.S. retail market segments, the Company's products are sold to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, natural foods stores and distributors, and pet specialty stores. In International and Foodservice, the Company's products are distributed domestically and in foreign countries through retail channels and foodservice distributors and operators, such as restaurants, lodging, schools and universities, healthcare operators.

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