A statement released earlier today by UBS about General Mills (NYSE:GIS) bumps down the target price to $67.00
- Updated: September 22, 2016
UBS bumped down the target of General Mills (NYSE:GIS) to $67.00 stating a potential upside of 0.03%.
Yesterday General Mills (NYSE:GIS) traded -0.17% lower at $65.26. The company’s 50-day moving average is $69.28 and its 200-day moving average is $66.06. The last closing price is down -1.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 624,029 shares of the stock were exchanged, down from an average trading volume of 3,643,580
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General Mills has a 52 week low of $53.53 and a 52 week high of $72.95 with a P/E ratio of 23.52 The company’s market cap is currently $0.
In addition to UBS reporting its target price, a total of 16 brokers have issued a report on the stock. The consensus target price is $66.63 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 11 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About General Mills (NYSE:GIS)
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products are marketed under various brands, which include Annie's and Betty Crocker. The Company's U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States. The International segment consists of retail and foodservice businesses outside of the United States. The Convenience Stores and Foodservice segment's product categories include ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes.
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