Kellogg Now Covered by Analysts at Socgen (K)
Investment analysts at Socgen assumed coverage on shares of Kellogg (NYSE:K) in a note issued to investors on Friday, Stock Ratings News reports. The firm set a “buy” rating on the stock.
Kellogg (NYSE:K) traded down 0.26% on Friday, hitting $57.98. 2,376,797 shares of the company’s stock traded hands. Kellogg has a one year low of $57.94 and a one year high of $67.98. The stock has a 50-day moving average of $60.43 and a 200-day moving average of $61.86. The company has a market cap of $21.000 billion and a P/E ratio of 22.23.
A number of other analysts have also recently weighed in on K. Analysts at Societe Generale initiated coverage on shares of Kellogg in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kellogg in a research note to investors on Thursday. They now have a $61.00 price target on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Kellogg in a research note on Thursday. They now have a “hold” rating and a $63.00 price target on the stock. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Kellogg has an average rating of “Hold” and an average target price of $62.10.
Kellogg Company (NYSE:K) is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.