A statement released earlier today by Barclays Capital about SpartanNash Company (NASDAQ:SPTN) raises the target price to $31.00
- Updated: September 23, 2016
Yesterday SpartanNash Company (NASDAQ:SPTN) traded -1.16% lower at $28.81. The company’s 50-day moving average is $31.04 and its 200-day moving average is $29.56. The last stock close price is down -1.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 82,017 shares of the stock were exchanged, down from an avg. volume of 172,194
In a report issued 9/23/2016 Barclays Capital increased the stock price target of SpartanNash Company (NASDAQ:SPTN) to $31.00 stating a potential upside of 0.08%.
With a total market value of $0, SpartanNash Company has price-earnings ratio of 18.41 with a one year low of $17.66 and a one year high of $33.89 .
A total of 3 equity analysts have released a ratings update on SPTN. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $27.67.
Brief Synopsis About SpartanNash Company (NASDAQ:SPTN)
Spartannash Company, formerly Spartan Stores, Inc., is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company's core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia. It operates through three segments: Military, which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution, which uses a multi-platform sales approach to distribute groceries to independent retail locations and corporate-owned retail stores, and Retail, which operates retail supermarkets. The products it distributes are delivered to over 170 military commissaries and over 440 exchanges located in over 40 states across the United States.
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