Stock Update (NASDAQ:GMCR): New Survey: 89% of Office Workers Say a Good Cup of Coffee Can Make Entire Workday Better
(BUSINESS WIRE)– In a recent survey office workers say coffee plays an important part in success in the workplace. Coffee was identified as key in securing some of offices’ best business deals, networking, and important to office workers being their best. In fact, coffee drinkers are more likely to identify themselves as “professionally successful” than their non-coffee drinking counterparts… Read more »
Shares of Green Mountain Coffee Roasters opened today at $129.41 and are currently trading up at $130.23. 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 $134.37 and it’s 200-day moving average is $133.12.
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 $129.41 which is 28.1% 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.