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JPMorgan downgraded Kroger (NYSE:KR) from Overweight to Neutral in a report released today.

JPMorgan has downgraded Kroger (NYSE:KR) from Overweight to Neutral in a report released on 6/16/2017.

Yesterday Kroger (NYSE:KR) traded -0.35% lower at $24.56. The company’s 50-day moving average is $22.65 and its 200-day moving average is $26.28. The last closing price is down -23.32% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 14,232,972 shares of the stock were exchanged, up from an average trading volume of 13,346,900

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Kroger (NYSE:KR)

Kroger has a 52 week low of $20.04 and a 52 week high of $36.44 with a P/E ratio of 12.19 The company’s market cap is currently $0.

In addition to JPMorgan reporting its target price, a total of 24 brokers have issued a report on the stock. The consensus target price 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 Kroger (NYSE:KR)

The Kroger Co. (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates. These facilities are located throughout the United States. As of January 28, 2017, Kroger operated, either directly or through its subsidiaries, 2,796 supermarkets under a range of local banner names, of which 2,255 had pharmacies and 1,445 had fuel centers. As of January 28, 2017, the Company offered ClickList and Harris Teeter ExpressLane, personalized, order online, pick up at the store services at 637 of its supermarkets. P$$T, Check This Out and Heritage Farm are the three brands. Its other brands include Simple Truth and Simple Truth Organic.

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