SuperValu (SVU) : 1 brokerage houses believe that SuperValu (SVU) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on SuperValu (SVU). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.
SuperValu (SVU) : 4 investment research analysts covering SuperValu (SVU) have an average price target of $6.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $2.38 of the average price.
Company shares have received an average consensus rating of Hold for the current week SuperValu (NYSE:SVU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.95 and $4.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.91, notching a gain of 1.24% for the day. The total traded volume was 2,064,779 . The stock had closed at $4.85 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Sales Wayne C, director of Supervalu Inc, had unloaded 533,682 shares at an average price of $7.05 in a transaction dated on November 24, 2015. The total value of the transaction was worth $3,762,458.
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.