General Mills (GIS) : 12 analysts are covering General Mills (GIS) and their average rating on the stock is 2.67, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. General Mills (GIS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
General Mills (GIS) : The highest short term price target forecast on General Mills (GIS) is $70 and the lowest target price is $59. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $63.11 with a standard deviation of $3.48.
General Mills (NYSE:GIS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.27 and $71.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.56, notching a gain of 0.62% for the day. The total traded volume was 7,086,835 . The stock had closed at $72.11 on the previous day.
Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on General Mills (NYSE:GIS). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Goldman Sachs raises the price target from $58 per share to $60 per share. The rating by the firm was issued on June 30, 2016. The company shares have rallied 26.62% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $72.66 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $65.08 and the 200 Day Moving Average price is recorded at $60.97.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.