Short Term Price Target on SuperValu (SVU)

SuperValu (NYSE:SVU) : The most positive equity analysts on SuperValu (NYSE:SVU) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $6.88 with an expected fluctuation of $2.1 from the mean.

Shares of SUPERVALU Inc. appreciated by 3.28% during the last five trading days but lost 0.63% on a 4-week basis. SUPERVALU Inc. has dropped 16.75% during the last 3-month period . Year-to-Date the stock performance stands at -30.38%.

SuperValu (NYSE:SVU) : The consensus on SuperValu (NYSE:SVU) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

SuperValu (NYSE:SVU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.52 and $4.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.72, notching a gain of 4.66% for the day. The total traded volume was 4,437,045 . The stock had closed at $4.51 on the previous day.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees, as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business, which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot, which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company, to which it provides wholesale distribution, and Retail Food, which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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