A statement released earlier today by Stifel about ConAgra (NYSE:CAG) bumps the target price to $52.00
- Updated: October 19, 2016
Yesterday ConAgra (NYSE:CAG) traded 0.00% even at $48.38. The company’s 50-day moving average is $45.50 and its 200-day moving average is $46.08. The last stock close price is up 4.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 2,855,510
ConAgra (NYSE:CAG) had its stock price target increased to $52.00 by Stifel in a report released 10/19/2016. The upped price target implies a potential upside of 0.07% from the company's most recent stock close price.
Previously on 10/14/2016, RBC Capital Markets reported about ConAgra (NYSE:CAG) raised the target price from $50.00 to $54.00. At the time, this indicated a possible upside of 0.15%.
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ConAgra has a 52 week low of $37.97 and a 52 week high of $48.81 with a P/E ratio of 32.38 The company’s market cap is currently $0.
In addition to Stifel reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $49.27 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About ConAgra (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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