Susquehanna analyst Pablo Zuanic reiterated a Buy rating on General Mills (GIS) today and set a price target of $48. The company’s shares opened today at $37.41, close to its 52-week low of $36.42.
Zuanic said:
“2Q may pr ovide a catalyst for bottom-fishers to step in….”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 3.9% and a 48.1% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
General Mills has an analyst consensus of Moderate Buy, with a price target consensus of $47.17.
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General Mills’ market cap is currently $22.28B and has a P/E ratio of 10.36. The company has a Price to Book ratio of 3.58.
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General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America; and Pet.
