The stock of Lamb Weston Holdings Inc (NYSE:LW) hit a new 52-week high and has $34.65 target or 5.00% above today’s $33.00 share price. The 7 months bullish chart indicates low risk for the $4.96 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $34.65 price target is reached, the company will be worth $248.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.36 million shares traded hands. Lamb Weston Holdings Inc (NYSE:LW) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
More important recent Lamb Weston Holdings Inc (NYSE:LW) news were published by: Businesswire.com which released: “Lamb Weston Names Robert McNutt Chief Financial Officer” on November 17, 2016, also Forbes.com published article titled: “ConAgra Foods To Spin-Off Lamb Weston On November 9, 2016”, Moodys.com published: “Moody’s assigns Ba2 CFR to Lamb Weston with stable outlook” on October 26, 2016. More interesting news about Lamb Weston Holdings Inc (NYSE:LW) was released by: Businesswire.com and their article: “Lamb Weston Completes Separation from Conagra Brands” with publication date: November 10, 2016.
Lamb Weston Holdings, Inc. , is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The company has a market cap of $4.96 billion. The Company’s divisions include Global, Foodservice, Retail and Other. It has a 15.91 P/E ratio. The Global segment includes activities associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as activities associated with retail and foodservice clients located outside of the United States and Canada.
LW Company Profile
Lamb Weston Holdings, Inc. (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s divisions include Global, Foodservice, Retail and Other. The Company, along with its joint venture partners, offers a product portfolio to a channel and customer base in over 100 countries. The Company’s offerings include Sweet Things, Straight Cut Fries, Crinkle/Concertina, Wedge, Twister/Curly Fries, Criss Cut/Waffle Fries, Puff, Chip, Slice, Potato Skin, Mashed, Hash Browns/Formed, Steak Cut Fries, Platter Cut Fries, Trim Fries, Chef Cut Fries, Ribcut and Appetizers.
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