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Stock analysts at Telsey Advisory Group lifted their price objective on shares of Safeway (NYSE:SWY) from $35.00 to $46.00 in a report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 32.91% from the company’s current price.

Separately, analysts at UBS AG cut their price target on shares of Safeway from $29.00 to $27.00 in a research note on Wednesday, February 12th. They now have a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Safeway has an average rating of “Hold” and an average target price of $35.83.

Safeway (NYSE:SWY) traded up 4.94% on Thursday, hitting $36.32. 7,962,454 shares of the company’s stock traded hands. Safeway has a one year low of $20.83 and a one year high of $36.90. The stock’s 50-day moving average is $31.88 and its 200-day moving average is $31.37. The company has a market cap of $8.695 billion and a price-to-earnings ratio of 19.15. Safeway also saw unusually large options trading on Wednesday. Stock traders acquired 14,828 put options on the stock. This is an increase of approximately 1,049% compared to the average daily volume of 1,290 put options.

Safeway (NYSE:SWY) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.05. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.48 billion. On average, analysts predict that Safeway will post $1.68 earnings per share for the current fiscal year.

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

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