Pilgrim’s Pride Corporation with ticker code (PPC) now have 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 43 and 31 with a mean TP of 35.86. With the stocks previous close at 29.5 this would indicate that there is a potential upside of 21.6%. The 50 day moving average now sits at 31.87 and the 200 day moving average is 30.24. The market capitalisation for the company is $7,267m. Visit the company website at: http://www.pilgrims.com
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, the United Kingdom, Europe, and Mexico. The company offers fresh chicken products, including pre-marinated or non-marinated refrigerated (nonfrozen) whole or cut-up chicken; and prepackaged case-ready chicken, such as whole chickens and chicken parts. It also provides prepared chicken products comprising portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. The company sells its products to the foodservice market that includes chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprises primarily grocery store chains, wholesale clubs, and other retail distributors. It also exports its products the Middle East, Asia, and other countries, as well as France, Puerto Rico, and the Netherlands. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim’s Pride Corporation is a subsidiary of JBS S.A.