Price Target Update on General Mills (NYSE:GIS)

General Mills (NYSE:GIS) : The highest short term price target forecast on General Mills (NYSE:GIS) is $70 and the lowest target price is $53. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $61.78 with a standard deviation of $5.19.

Other Equity analysts have also commented on the company shares. Goldman Sachs downgrades its view on General Mills (NYSE:GIS) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 24, 2016.

General Mills (NYSE:GIS): stock turned positive on Thursday. Though the stock opened at $66.75, the bulls momentum made the stock top out at $66.88 level for the day. The stock recorded a low of $66.26 and closed the trading day at $66.77, in the green by 0.56%. The total traded volume for the day was 2,107,826. The stock had closed at $66.4 in the previous days trading.

The company shares have rallied 17.54% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $66.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $63.86 and the 200 Day Moving Average price is recorded at $60.34. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mulligan Donal L, officer (Executive Vice President) of General Mills Inc, had unloaded 45,968 shares at an average price of $64.5 in a transaction dated on May 12, 2016. The total value of the transaction was worth $2,964,936.

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.

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