Short Term Price Target on Kroger Company (The) (KR)

Kroger Company (The) (NYSE:KR) : 15 investment research analysts covering Kroger Company (The) (NYSE:KR) have an average price target of $41.53 for the near short term. The highest target price given by the Brokerage Firm to the stock is $51 and the lowest target is $27 for the short term. Analysts expect the variance to be within $6.3 of the average price.

Shares of The Kroger Co. rose by 6.11% in the last five trading days and 1.02% for the last 4 weeks. The Kroger Co. has dropped 3.71% during the last 3-month period . Year-to-Date the stock performance stands at -11.53%.

Kroger Company (The) (NYSE:KR) : The consensus on Kroger Company (The) (NYSE:KR) based on 17 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Kroger Company (The) (NYSE:KR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.45 and $36.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.79, notching a gain of 0.93% for the day. The total traded volume was 10,256,336 . The stock had closed at $36.45 on the previous day.

In an insider trading activity,The officer (Executive Vice President) of Acadia Realty Trust, Conlon Christopher sold 15,000 shares at $35.43 on May 6, 2016. The Insider selling transaction had a total value worth of $531,450. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. The Company operates its 2,640 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Frys, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smiths. Of these stores, 1,330 have fuel centers. The Company also operates 782 convenience stores, either directly or through franchisees, 326 fine jewelry stores and an online retailer.

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