Analyst Rating Update on Snyders-Lance (LNCE)

Snyders-Lance (NASDAQ:LNCE) : 8 analysts are covering Snyders-Lance (NASDAQ:LNCE) and their average rating on the stock is 1.5, which is read as a Strong Buy. 6 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. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Snyders-Lance (NASDAQ:LNCE) : Average target price received by Snyders-Lance (NASDAQ:LNCE) is $38 with an expected standard deviation of $3.52. The most aggressive target on the stock is $40, whereas the most downbeat target is $31. 6 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.

Snyders-Lance (NASDAQ:LNCE): stock turned positive on Tuesday. Though the stock opened at $31.89, the bulls momentum made the stock top out at $32.08 level for the day. The stock recorded a low of $31.7 and closed the trading day at $31.92, in the green by 0.28%. The total traded volume for the day was 682,576. The stock had closed at $31.83 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Myers Gail Sharps, officer (SVP, General Counsel & Sec) of Snyders-Lance, Inc., had unloaded 200 shares at an average price of $32.08 in a transaction dated on June 13, 2016. The total value of the transaction was worth $6,416.

Snyders-Lance, Inc. is a national snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Companys brands include core brands, such as Snyders of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July and allied brands, such as Toms, Archway, Jays, Stella Doro, EatSmart, Krunchers! and O-Ke-Doke. The Companys Clearview Foods division combines Snack Factory, Pretzel Crisps, Late July, Organic Snacks and EatSmart brands. 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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.