Kroger Company (The) (NYSE:KR) : 15 investment research analysts covering Kroger Company (The) (NYSE:KR) have an average price target of $42 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 $6.51 of the average price.
Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its rating on Kroger Company (The) (NYSE:KR). The global brokerage major lowers the current price target from $48 per share to $41 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on June 17, 2016.
Kroger Company (The) (NYSE:KR): stock turned positive on Thursday. Though the stock opened at $34.54, the bulls momentum made the stock top out at $34.67 level for the day. The stock recorded a low of $34.35 and closed the trading day at $34.67, in the green by 1.32%. The total traded volume for the day was 8,560,659. The stock had closed at $34.22 in the previous days trading.
The company shares have dropped -6.18% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $42.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.38 and the 200 Day Moving Average price is recorded at $37.92. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Conlon Christopher, officer (Executive Vice President) of Acadia Realty Trust, had unloaded 15,000 shares at an average price of $35.43 in a transaction dated on May 6, 2016. The total value of the transaction was worth $531,450.
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.