Barclays announced Kroger (NYSE:KR), bumping up its stock price target to $33.00 today
- Updated: September 23, 2016
Yesterday Kroger (NYSE:KR) traded -0.18% lower at $30.75. The company’s 50-day moving average is $31.96 and its 200-day moving average is $35.26. The last stock close price is down -12.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 503,599 shares of the stock were exchanged, down from an average trading volume of 9,967,090
In a report announced on 9/23/2016 Barclays raised the target of Kroger (NYSE:KR) to $33.00 indicating a possible upside of 0.07%.
Previously on 9/12/2016, Deutsche Bank reported about Kroger (NYSE:KR) lowered the target price from $41.00 to $39.00. At the time, this indicated a possible upside of 0.26%.
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Kroger 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 reporting its target price, a total of 24 firms have reported on the stock. The consensus target price is $41.50 with 11 firms rating the stock a strong buy, 7 firms rating the stock a buy, 7 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Kroger (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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