ConAgra Foods (NYSE:CAG) target price raised to $51.00, issued a report today by Citigroup
- Updated: September 30, 2016
Yesterday ConAgra Foods (NYSE:CAG) traded 2.31% higher at $47.15. The company’s 50-day moving average is $45.15 and its 200-day moving average is $45.76. The last stock close price is up 3.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,499,521 shares of the stock were exchanged, up from an average trading volume of 2,863,290
ConAgra Foods (NYSE:CAG) had its target price raised to $51.00 by Citigroup in a report released Friday September 30, 2016. The new target price indicates a possible upside of 0.08% based on the company's last stock close price.
Previously on 9/23/2016, Deutsche Bank reported about ConAgra Foods (NYSE:CAG) lowered the target price from $48.00 to $46.00. At the time, this indicated a possible upside of 0.05%.
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ConAgra Foods has a 52 week low of $37.97 and a 52 week high of $48.81 The company’s market cap is currently $0.
In addition to Citigroup reporting its target price, a total of 11 firms have issued a report 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 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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