Share on StockTwits

Shares of Safeway (NYSE:SWY) saw unusually large options trading on Friday. Investors purchased 17,367 call options on the company, AR Network reports. This represents an increase of approximately 576% compared to the average volume of 2,570 call options.

SWY has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Safeway in a research note to investors on Tuesday, November 19th. They now have a $35.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Safeway in a research note to investors on Monday, November 18th. They set a “neutral” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Safeway from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.64.

Safeway (NYSE:SWY) traded up 0.84% on Friday, hitting $31.16. The stock had a trading volume of 4,122,140 shares. Safeway has a one year low of $20.00 and a one year high of $36.90. The stock’s 50-day moving average is $31.80 and its 200-day moving average is $30.8. The company has a market cap of $7.460 billion and a price-to-earnings ratio of 17.10.

Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.