Analyst Price Target Update on Hershey Company (The) (NYSE:HSY)

Hershey Company (The) (NYSE:HSY): According to 6 Analysts, The short term target price has been estimated at $ 89.67.The target price could deviate by a maximum of $1.86 from the forecast price. In the near term, the target price could hit a high of $92 and a low of $ 87.

Many analysts have stated their opinion on the company shares. Bank of America downgrades their rating on the shares of Hershey Company (The) (NYSE:HSY). The current rating of the shares is Underperform. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 20, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Wege D Michael, officer (SVP, CAO) of Hershey Co, had unloaded 1,100 shares at an average price of $92.26 in a transaction dated on May 16, 2016. The total value of the transaction was worth $101,486.

Hershey Company (The) (NYSE:HSY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.77 points or 0.8% at $95.63 with 1,090,408 shares getting traded. Post opening the session at $96.02, the shares hit an intraday low of $95.6 and an intraday high of $96.7076 and the price was in this range throughout the day. The company has a market cap of $20,405 million and the number of outstanding shares have been calculated to be 213,372,880 shares. The 52-week high of Hershey Company (The) (NYSE:HSY) is $97.4 and the 52-week low is $82.41.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hersheys Chocolate World stores.

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