RBC Capital Sticks to Its Buy Rating for Albertsons Companies (ACI)

RBC Capital analyst Steven Shemesh maintained a Buy rating on Albertsons Companies (ACIResearch Report) on January 13 and set a price target of $25.00. The company’s shares closed last Friday at $21.34.

According to TipRanks, Shemesh is an analyst with an average return of -2.6% and a 41.10% success rate. Shemesh covers the Consumer Goods sector, focusing on stocks such as Walmart, Albertsons Companies, and Petco Health and Wellness Company.

Albertsons Companies has an analyst consensus of Moderate Buy, with a price target consensus of $27.69.

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The company has a one-year high of $28.13 and a one-year low of $18.17. Currently, Albertsons Companies has an average volume of 3.92M.

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Albertsons Companies Inc is a Delaware corporation that was incorporated on June 23, 2015. The Company is a food and drug retailer in the United States, with local presence and national scale. It operates approximately 2,205 stores across 33 states under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs. It provides its customers with a service-oriented shopping experience, including convenient and value-added services through 1,698 pharmacies and 378 adjacent fuel centers. Its stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services. Various agricultural commodities constitute the principal raw materials used by the company in the manufacture of its food products.

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