ConAgra Foods (NYSE:CAG) : The highest short term price target forecast on ConAgra Foods (NYSE:CAG) is $53 and the lowest target price is $48. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $50.14 with a standard deviation of $1.95.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Citigroup maintains its ratings on ConAgra Foods (NYSE:CAG). In the latest research report, Citigroup raises the target price from $44 per share to $50 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 8, 2016.
ConAgra Foods (NYSE:CAG): stock turned positive on Thursday. Though the stock opened at $47.79, the bulls momentum made the stock top out at $47.94 level for the day. The stock recorded a low of $47.405 and closed the trading day at $47.91, in the green by 1.08%. The total traded volume for the day was 3,432,535. The stock had closed at $47.4 in the previous days trading.
The company shares have rallied 8.10% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $47.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $45.91 and the 200 Day Moving Average price is recorded at $43.29. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Messel Scott E, officer (SVP, Treasurer&Asst. Secretary) of Conagra Foods Inc /De/, had unloaded 22,992 shares at an average price of $46.3 in a transaction dated on April 11, 2016. The total value of the transaction was worth $1,064,530.
ConAgra Foods, Inc. operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial food, which serve various restaurants and foodservice operations. Its brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunts, Marie Callenders, Orville Redenbachers, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack, among others. The Company sells its products under private brand labels in grocery, convenience, mass merchandise, club and drug stores. The Company also supplies frozen potato and sweet potato products, as well as other vegetable, spice, bakery and grain products to restaurants, commercial and foodservice customers. It operates in three segments: Consumer Foods, Commercial Foods and Private Brands. It has international manufacturing facilities in Argentina, Canada and Mexico, and interests in ownership of international manufacturing facilities in India and Mexico.