General Mills (GIS) has an average broker rating of 2.69, which is interpreted as a Hold, as rated by 13 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 9 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 2, which is also a Buy. 1 considers that the stock is a Sell.
General Mills (GIS) : The highest level General Mills (GIS) is projected to reach is $75 for the short term and the lowest estimate is at $65. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $68.8 and the possibility the share price can swing is $3.65.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Morgan Stanley maintains its rating on General Mills (NYSE:GIS).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Morgan Stanley raises the new 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): The stock opened at $71.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $71.14 for the day. The stock traded down to $69.23 during the day, due to lack of any buying support eventually closed down at $69.78 with a loss of -1.68% for the day. The stock had closed at $70.97 on the previous day. The total traded volume was 5,387,367 shares.
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.