General Mills (GIS) Receives ‘Analyst’ Rating

General Mills (GIS) : The consensus on General Mills (GIS) based on 11 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on General Mills (GIS).

General Mills (GIS) : The highest short term price target forecast on General Mills (GIS) is $75 and the lowest target price is $65. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $68.89 with a standard deviation of $3.86.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of General Mills (NYSE:GIS). Morgan Stanley has a Equalweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $66 per share from a prior target of $63. The rating by the firm was issued on July 14, 2016.

General Mills (NYSE:GIS): After opening at $65.22, the stock dipped to an intraday low of $65.14 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $65.7211 and the buying power remained strong till the end. The stock closed at $65.54 for the day, a gain of 0.09% for the day session. The total traded volume was 2,835,041. The stocks close on the previous trading day was $65.48.

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.

Leave a Reply

Get Pre-Market Alerts!

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