ConAgra Foods (NYSE:CAG) had its stock rating reiterated as ‘Hold’ in a report released by analysts at Stifel Nicolaus.
Stifel Nicolaus today set a target price of 52 on the company’s stock. According to the analyst this now indicates there is a potential increase of 8.49% from ConAgra Foods’s current price of 47.93.
Over the last twelve months ConAgra Foods’s stock price has increased by 18% from 40.62 to 47.93.
There are currently 437,769,000 shares in issue with a current share value of 47.93 giving ConAgra Foods a market capitalisation of 20.98B USD .
ConAgra Foods (NYSE:CAG) has a 50 day moving average of 45.5 and a 200 day moving average of 46.08. The 52 week high for the share price is 48.81 while the 52 week low for the stock is 37.97.
ConAgra Foods, Inc. operates as a packaged food company. The Company sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. The Company operates through two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment includes branded food sold in various retail channels primarily in North America. The Company’s Commercial Foods segment includes commercially branded and private label food and ingredients. Its brands include Marie Callender’s, Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher’s, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters and Hunt’s. The Company sells its products in grocery, convenience, mass merchandise and club stores.