Barclays Maintains Their Buy Rating on Conagra Brands Inc (CAG)

Barclays analyst Andrew Lazar maintained a Buy rating on Conagra Brands Inc (CAGResearch Report) on June 28 and set a price target of $31. The company’s shares opened today at $26.65.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 8.0% and a 67.7% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

Conagra Brands Inc has an analyst consensus of Strong Buy, with a price target consensus of $33.33, implying a 25.1% upside from current levels. In a report issued on June 28, Citigroup also maintained a Buy rating on the stock with a $34 price target.

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Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2019, Ruth Ann Marshall, a Director at CAG sold 6,717 shares for a total of $208,227.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.