ConAgra (NYSE:CAG) target price raised to $54.00, issued a research note today by RBC Capital
- Updated: October 13, 2016
In a report released on 10/14/2016 RBC Capital increased the stock price target of ConAgra (NYSE:CAG) from $50.00 to $54.00 indicating a possible upside of 0.15%.
Previously on 10/5/2016, Zacks Investment Research reported on ConAgra (NYSE:CAG) increased the target price from $0.00 to $53.00. At the time, this indicated a possible upside of 0.12%.
Yesterday ConAgra (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 period. 1,942,270 shares of the stock traded hands, down from an average trading volume of 2,799,870
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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 31.41 The company’s market cap is currently $0.
In addition to RBC Capital reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $49.27 with 2 equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company 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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