In a report released yesterday, Matthew Fishbein from Jefferies maintained a Hold rating on Kroger Company (KR – Research Report), with a price target of $53.00. The company’s shares closed last Thursday at $55.27.
According to TipRanks.com, Fishbein is a 1-star analyst with an average return of -3.5% and a 50.0% success rate. Fishbein covers the Consumer Goods sector, focusing on stocks such as Casey’s General, Sprouts Farmers, and Murphy USA.
The word on The Street in general, suggests a Hold analyst consensus rating for Kroger Company with a $56.95 average price target.
The company has a one-year high of $62.78 and a one-year low of $35.91. Currently, Kroger Company has an average volume of 7.63M.
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KR in relation to earlier this year. Last month, Timothy Massa, the SVP of KR sold 50,283 shares for a total of $2,917,694.
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Founded in 1883, The Kroger Co. is a Ohio-based retailer, which is engaged in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets.
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