Snyder's-Lance Inc (NASDAQ:LNCE) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Snyder's-Lance Inc (NASDAQ:LNCE) to Sell in a statement released on 01/12/2017.
On 3/3/2016, Deutsche Bank released a statement for Snyder's-Lance Inc (NASDAQ:LNCE) bumped up the target price from $0.00 to $32.00 that suggested an upside of 0.02%.
Boasting a price of $38.27, Snyder's-Lance Inc (NASDAQ:LNCE) traded 1.00% higher on the day. With the last stock price close up 7.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the date range. Snyder's-Lance Inc has recorded a 50-day average of $37.93 and a two hundred day average of $35.52. Volume of trade was down over the average, with 0 shares of LNCE changing hands under the typical 531,741
With a total market value of $0, Snyder's-Lance Inc has price-earnings ratio of 107.20 with a one year low of $27.93 and a one year high of $39.10 .
A total of 6 analysts have released a research note on Snyder's-Lance Inc. Three analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $37.33.
More About Snyder's-Lance Inc (NASDAQ:LNCE)
Snyder's-Lance, Inc. is a snack food company. The Company operates in the manufacturing, distribution, marketing and sale of snack food products segment. The Company's products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. Additionally, the Company purchases certain cake products and sells under its brands. Its products are packaged in various single-serve, multi-pack and family-size configurations. The Company's core brands include Snyder's of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July. The Company's allied brands include Tom's, Archway, Jays, Stella D'oro, EatSmart Snacks, Krunchers! and O-Ke-Doke. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).
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