Hershey Stock Forecast

Price Targets and Analyst Ratings

The Hershey Company (NYSE:HSY) has a consensus price target of $212.04 based on the ratings of 30 analysts. The average price target among these analysts is $204.89, with a high target of $230.00 and a low target of $192.00.

Deutsche Bank's Target Cut

Deutsche Bank recently lowered its price target on Hershey from $197.00 to $192.00 while maintaining a "Hold" rating. This move indicates that Deutsche Bank has concerns about the company's future growth potential.

Valuation Metrics

Hershey's key valuation metrics are generally in line with its industry peers. For example, the company's price-to-earnings (P/E) ratio is 21.5x, which is slightly above the industry average of 20.2x. Similarly, its price-to-book (P/B) ratio of 3.6x is also comparable to the industry average of 3.4x.

Conclusion

The analyst community remains cautiously optimistic about Hershey's stock. While the average price target suggests potential upside, the recent downgrade from Deutsche Bank raises some concerns about the company's future growth prospects. Investors should carefully consider these factors when making investment decisions.