A statement released earlier today by Deutsche Bank about ConAgra Foods (NYSE:CAG) bumps down the target price to $46.00
- Updated: September 23, 2016
ConAgra Foods (NYSE:CAG) had its stock price target reduced to $46.00 by Deutsche Bank in a report released 9/23/2016. The dropped price target implies a potential upside of 0.05% from the company's most recent close.
On 04/04/2016, RBC Capital Markets released a statement on ConAgra Foods (NYSE:CAG) upped the target price from $46.00 to $48.00 that suggested an upside of 0.05%.
Having a price of $43.64, ConAgra Foods (NYSE:CAG) traded 0.08% higher on the day. With the last close down -4.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. ConAgra Foods has recorded a 50-day average of $45.54 and a two hundred day average of $45.74. Volume of trade was down over the average, with 1,764,265 shares of CAG changing hands under the typical 2,923,250
With a total market value of $0, ConAgra Foods has with a one year low of $37.97 and a one year high of $48.81 .
A total of 11 analysts have released a research note on ConAgra Foods. Two analysts rating the company a strong buy, four analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $49.27.
More About ConAgra Foods (NYSE:CAG)
ConAgra Foods, Inc. operates as a packaged food company. The Company sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. The Company operates through two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment includes branded food sold in various retail channels primarily in North America. The Company's Commercial Foods segment includes commercially branded and private label food and ingredients. Its brands include Marie Callender's, Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher's, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters and Hunt's. The Company sells its products in grocery, convenience, mass merchandise and club stores.
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