Brokerage Firm Rating Update on General Mills (GIS)

General Mills (GIS) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

General Mills (GIS) stock is expected to deviate a maximum of $3.86 from the average target price of $68.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $65.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on General Mills (NYSE:GIS). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Morgan Stanley raises the price target from $63 per share to $66 per share. The rating by the firm was issued on July 14, 2016.

General Mills (NYSE:GIS): stock was range-bound between the intraday low of $67.61 and the intraday high of $70.64 after having opened at $70.45 on Wednesdays session. The stock finally closed in the red at $70.45, a loss of -4.30%. The stock remained in the red for the whole trading day. The total traded volume was 6,769,878 shares. The stock failed to cross $70.64 in Wednesdays trading. The stocks closing price on Thursday was $70.9.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *