The Kroger Given Consensus Recommendation of “Buy” by Analysts (NYSE:KR)
The Kroger (NYSE:KR) has been given an average recommendation of “Buy” by the twenty-two brokerages that are currently covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.22.
KR has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of The Kroger in a research note on Monday. They set an “outperform” rating and a $55.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Kroger in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock, up previously from $48.00. Finally, analysts at Ned Davis Research upgraded shares of The Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th.
The Kroger (NYSE:KR) traded up 0.23% on Friday, hitting $48.29. 630,787 shares of the company’s stock traded hands. The Kroger has a 52 week low of $32.83 and a 52 week high of $48.35. The stock has a 50-day moving average of $46.41 and a 200-day moving average of $42.04. The company has a market cap of $24.665 billion and a price-to-earnings ratio of 16.61.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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