A statement released earlier today by Barclays Capital about The Kroger Co. (NYSE:KR) bumps the target price to $33.00
- Updated: September 23, 2016
Boasting a price of $30.75, The Kroger Co. (NYSE:KR) traded -0.18% lower on the day. With the last stock price close down -12.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $31.96 and a 200-day moving average of $35.26. 503,599 shares of the stock traded hands, down from an average trading volume of 9,967,090
Barclays Capital bumped up the target of The Kroger Co. (NYSE:KR) to $33.00 stating a potential upside of 0.07%.
On 09/12/2016, Deutsche Bank released a statement for The Kroger Co. (NYSE:KR) bumped down the target price from $41.00 to $39.00 that suggested an upside of 0.26%.
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The Kroger Co. has a 52 week low of $30.45 and a 52 week high of $42.75 with a P/E ratio of 14.55 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is $41.50 with 11 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 7 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About The Kroger Co. (NYSE:KR)
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. The Company's supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. The Company's corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company's other brands also include Simple Truth and Simple Truth Organic.
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