Shares of PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $19.7153, but opened at $18.15. PT Indofood Sukses Makmur Tbk shares last traded at $18.15, with a volume of 623 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded PT Indofood Sukses Makmur Tbk from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, PT Indofood Sukses Makmur Tbk currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk Stock Down 2.8%
The stock’s fifty day simple moving average is $20.00 and its 200-day simple moving average is $19.68.
About PT Indofood Sukses Makmur Tbk
PT Indofood Sukses Makmur Tbk is an Indonesia-based integrated food company with operations spanning food manufacturing, agribusiness, distribution and related businesses. The company serves consumers through a broad portfolio of branded food products and has developed an extensive supply chain covering raw materials, processing, manufacturing and distribution.
Its Consumer Branded Products division offers products such as instant noodles, dairy products, snack foods, food seasonings, nutrition products and beverages.
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