Barclays Maintains a Hold Rating on Natural Grocers (NGVC)


In a report issued on November 16, Karen Short from Barclays maintained a Hold rating on Natural Grocers (NGVC), with a price target of $20. The company’s shares closed on Friday at $22.50, close to its 52-week high of $23.41.

According to TipRanks.com, Short is a 4-star analyst with an average return of 5.5% and a 58.8% success rate. Short covers the Services sector, focusing on stocks such as The Chefs’ Warehouse, Wal-Mart Stores Inc, and Vitamin Shoppe Inc.

Currently, the analyst consensus on Natural Grocers is a Moderate Buy with an average price target of $20.

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Based on Natural Grocers’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.99 million. In comparison, last year the company had a net profit of $1.24 million.

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Natural Grocers by Vitamin Cottage, Inc. operates natural & organic grocery and dietary supplement stores. It offers the following product categories, natural & organic food, dietary supplements, natural body care, household and pet care products. The company was founded by Margaret Isely and Henry Philip Isely in 1955 and is headquartered in Lakewood, CO.

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