Stock Update (NASDAQ:GMCR): GE Appliances and Keurig® Brew Up the Next Big Thing in Refrigeration
(BUSINESS WIRE)– No matter how you prefer your cup of coffee, there’s no denying the single-serve brewing trend is piping-hot. According to a 2014 National Coffee Association coffee drinking trends survey, 29 percent of respondents who drank coffee said they used a single-cup brewer, up nearly 50 percent from the previous year.1 Brewing at home is about to become even more appealing as GE (NYSE:GE) introduces an industry first: the GE Café™ Series refrigerator with Keurig® K-Cup® Brewing System… Read more »
Shares of Green Mountain Coffee Roasters opened today at $130.37 and are currently trading down at $129.31. GMCR has a 1-year high of $158.87 and a 1-year low of $74.44. The stock’s 50-day moving average is $135.50 and it’s 200-day moving average is $132.96.
On the ratings front, Green Mountain Coffee Roasters has been the subject of a number of recent research reports. In a report published on January 9, analyst Mark Astrachan from Stifel Nicolaus reiterated a Hold rating on GMCR. Separately, on January 8, Morgan Stanley`s Matthew Grainger initiated coverage with a Buy rating on Green Mountain Coffee Roasters shares and has a price target of $160.
In total, 5 research analysts have assigned a Hold rating and 6 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $130.37 which is 27.1% above where the stock opened today.
Keurig Green Mountain Inc is engaged in the coffee and coffeemaker businesses in the United States and Canada. It sells Keurig Single Cup brewers and roast high-quality Arabica bean coffees.