ConAgra Brands with ticker code (CAG) have now 16 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 40 and 34 with the average target price sitting at 36.76. Given that the stocks previous close was at 35.27 this would imply there is a potential upside of 4.2%. The day 50 moving average is 33.65 and the 200 moving average now moves to 34.46. The company has a market capitalisation of $16,660m. Company Website: https://www.conagrabrands.com
The potential market cap would be $17,363m based on the market concensus.
Conagra Brands, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products in various retail channels in the United States. The International segment offers food products in various temperature states in retail and foodservice channels outside of the United States. The Foodservice segment offers food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim, Angie’s BOOMCHICKAPOP, Duke’s, Earth Balance, Gardein, and Frontera brands. The company was formerly known as ConAgra Foods and changed its name to Conagra Brands in November 2016. Conagra Brands was incorporated in 1919 and is headquartered in Chicago, Illinois.
