Canaccord Genuity Maintains a 'Buy' on Hain Celestial (HAIN); U.S. Still Robust; Premier Foods to Add More

Canaccord Genuity maintains a 'Buy' on Hain Celestial (NASDAQ: HAIN) price target of $52.00.

Analyst, Scott Van Winkle, said, "We maintain our BUY rating and continue to believe that improving growth of natural/organic foods, coupled with increased distribution and geographic expansion, will drive acceleration in financial results and the share price."

"HAIN is set to acquire several brands from Premier Foods, including Hartley’s Sun-Pat, Gale’s, Robertson’s and Frank Cooper’s. The acquisition complements the existing UK offering of fresh, chilled and frozen products and will form the base of HAIN’s UK ambient grocery division, but most importantly is expected to be highly accretive."

For an analyst ratings summary and ratings history on Hain Celestial click here. For more ratings news on Hain Celestial click here.

Shares of Hain Celestial closed at $56.91 yesterday.

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