General Mills (GIS) : The most positive equity analysts on General Mills (GIS) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $68.89 with an expected fluctuation of $3.86 from the mean.
General Mills (GIS) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 12 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 8 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 4, which is also a Sell. 1 considers that the stock is a Sell.
Also, Brokerage firm Morgan Stanley maintains its rating on General Mills (NYSE:GIS). As per the latest information, the brokerage house raises the price target to $66 per share from a prior target of $63. The shares have been rated Equalweight. The rating by the firm was issued on July 14, 2016.
General Mills (NYSE:GIS): The stock opened at $70.67 on Thursday but the bulls could not build on the opening and the stock topped out at $70.80 for the day. The stock traded down to $69.66 during the day, due to lack of any buying support eventually closed down at $70.11 with a loss of -1.00% for the day. The stock had closed at $70.82 on the previous day. The total traded volume was 4,253,481 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.