Oppenheimer analyst Rupesh Parikh hired a Stop Rating to Kroger Company (KR) today and set a target price of $ 38.00. The company’s shares closed at $ 35.95 last Thursday.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.2% and a success rate of 65.5%. Parikh covers the consumer goods sector and focuses on stocks such as Bjs Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.
The word on the street in general suggests a hold analyst consensus rating for Kroger Company with an average price target of $ 35.08, a downward trend of -2.4%. In a report released April 1, Jefferies also maintained a hold rating on the stock with a price target of $ 37.00.
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The company has a year high of $ 42.99 and a year low of $ 29.83. Currently, the Kroger Company has an average volume of 11.45 million.
Based on recent insider activity from 112 insiders, the stock’s insider sentiment is negative for the stock. This means that more insiders sold their KR shares in the last quarter compared to earlier this year. Last month, Mark Tuffin, KR’s SVP, sold 21,000 shares for a total of $ 774,480.
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Founded in 1883, The Kroger Co. is an Ohio-based retailer operating grocery and drug stores, department stores, jewelry stores, and convenience stores. It also produces and processes some of the foods that are on sale in its supermarkets.
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