In a report released yesterday, Robert Moskow from Credit Suisse reiterated a Hold rating on General Mills (GIS), with a price target of $56. The company’s shares closed last Monday at $54.32, close to its 52-week high of $56.40.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.6% and a 50.5% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Conagra Brands Inc, and Nomad Foods Ltd.
Currently, the analyst consensus on General Mills is a Moderate Buy with an average price target of $54.40.
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Based on General Mills’ latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $570 million. In comparison, last year the company earned revenue of $4.09 billion and had a net profit of $392 million.
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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 and Foodservice; Europe and Australia; and Asia and Latin America; and Pet.
