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A statement released earlier today by Piper Jaffray about Kellogg (NYSE:K) bumps the target price to $78.00

Stating a potential upside of 0.08%, Piper Jaffray upped the price target of Kellogg (NYSE:K) to $78.00

Having a price of $72.52, Kellogg (NYSE:K) traded 6.22% higher on the day. With the last close up -8.05% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same period. Kellogg has recorded a 50-day average of $63.02 and a two hundred day average of $68.01. Volume of trade was up over the average, with 11,598,383 shares of K changing hands over the typical 2,958,580

Performance Chart

Kellogg (NYSE:K)

With a total market value of $0, Kellogg has price-earnings ratio of 28.31 with a one year low of $58.76 and a one year high of $78.37 .

A total of 17 analysts have released a research note on Kellogg. Two analysts rating the company a strong buy, three analysts rating the company a buy, fourteen analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $77.59.

More About Kellogg (NYSE:K)

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company's principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its segments include U.S. Morning Foods, which includes cereal, toaster pastries, health and wellness bars, and beverages; U.S. Snacks, which includes cookies, crackers, cereal bars, savory snacks and fruit-flavored snacks; U.S. Specialty, which represents food away from home channels, including food service, convenience, vending, Girl Scouts and food manufacturing; North America Other, which includes the U.S. Frozen, Kashi and Canada operating segments; Europe, which consists of European countries; Latin America, which consists of Central and South America and includes Mexico, and Asia Pacific, which consists of Sub-Saharan Africa, Australia and other Asian and Pacific markets.

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