Dollar General Corporation (DG) : Analyst Rating Update

Dollar General Corporation (DG) : Zacks Investment Research ranks Dollar General Corporation (DG) as 2, which is a Buy recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.31, which indicates as a Strong Buy.

Dollar General Corporation (DG) : The highest level Dollar General Corporation (DG) is projected to reach is $105 for the short term and the lowest estimate is at $90. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $98.13 and the possibility the share price can swing is $4.06.

Dollar General Corporation (NYSE:DG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.67 and $93.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.51, notching a gain of 0.97% for the day. The total traded volume was 1,940,836 . The stock had closed at $93.60 on the previous day.

Also, Citigroup maintains their rating on the shares of Dollar General Corporation (NYSE:DG). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $107 per share from $98 per share. The rating by the firm was issued on June 6, 2016. The company shares have rallied 19.37% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $94.27 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $89.47 and the 200 Day Moving Average price is recorded at $80.73.

Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Home products includes kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Apparel includes casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11,879 stores located in over 43 states.

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