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ConAgra Foods Inc (NYSE:CAG) target price raised to $54.00, issued a report today by RBC Capital Markets

Yesterday ConAgra Foods Inc (NYSE:CAG) traded -0.64% lower at $46.92. The company’s 50-day moving average is $45.36 and its 200-day moving average is $46.00. The last closing price is up 2.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,942,270 shares of the stock were exchanged, down from an average trading volume of 2,799,870

ConAgra Foods Inc (NYSE:CAG) had its target price raised to $54.00 by RBC Capital Markets in a report released Friday October 14, 2016. The new target price indicates a possible upside of 0.15% based on the company's last closing price.

Previously on 10/05/2016, Zacks Investment Research reported on ConAgra Foods Inc (NYSE:CAG) raised the target price from $0.00 to $53.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

ConAgra Foods Inc (NYSE:CAG)

ConAgra Foods Inc has a 52 week low of $37.97 and a 52 week high of $48.81 with a P/E ratio of 31.41 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 11 brokers have issued a report on the stock. The consensus target price is $49.27 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 7 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 ConAgra Foods Inc (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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