In a report released today, Andrew Lazar from Barclays maintained a Hold rating on General Mills (GIS – Research Report), with a price target of $72.00. The company’s shares closed last Friday at $70.83.
According to TipRanks, Lazar is a 4-star analyst with an average return of 5.3% and a 59.32% success rate. Lazar covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, McCormick & Company, and General Mills.
The word on The Street in general, suggests a Hold analyst consensus rating for General Mills with a $71.94 average price target.
The company has a one-year high of $87.77 and a one-year low of $59.27. Currently, General Mills has an average volume of 4.26M.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
General Mills (GIS) Company Description:
General Mills, Inc. is a multinational food company. Headquartered in Minneapolis, the company manufactures and markets branded consumer foods, which it sells through retail stores. Its product categories include convenient meals, ready-to-eat cereals, snacks, super-premium ice creams, yogurt, baking mixes and ingredients, and refrigerated and frozen dough.
Read More on GIS:
- General Mills exploring sale of North America yogurt business, Reuters says
- General Mills management to meet virtually with Mizuho
- Bernstein sees Hershey as ‘most suitable’ buyer of Simply Good Foods
- GIS, KLG: 2 Consumer-Packaged Food Stocks for Contrarians
- General Mills price target raised to $72 from $70 at Barclays
