Telsey Advisory analyst Joe Feldman maintained a Buy rating on Kroger Company (KR – Research Report) today and set a price target of $62.00. The company’s shares closed yesterday at $59.80.
According to TipRanks, Feldman is a 5-star analyst with an average return of 8.0% and a 58.33% success rate. Feldman covers the Consumer Cyclical sector, focusing on stocks such as Costco, Under Armour, and Peloton Interactive.
Currently, the analyst consensus on Kroger Company is a Moderate Buy with an average price target of $60.27.
The company has a one-year high of $59.92 and a one-year low of $42.10. Currently, Kroger Company has an average volume of 3.92M.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KR in relation to earlier this year. Last month, Brian W Nichols, the VP & Controller of KR sold 6,922.00 shares for a total of $386,247.60.
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Kroger Company (KR) Company Description:
Founded in 1883, The Kroger Co. is a Ohio-based retailer, which is engaged in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets.
