In a report released today, Paul Trussell from Deutsche Bank reiterated a Hold rating on Kroger Company (KR), with a price target of $28.00. The company’s shares closed last Monday at $26.80.
According to TipRanks.com, Trussell is a 4-star analyst with an average return of 4.0% and a 58.9% success rate. Trussell covers the Services sector, focusing on stocks such as Burlington Stores, Dollar General, and Capri Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Kroger Company with a $27.00 average price target.
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Kroger Company’s market cap is currently $21.48B and has a P/E ratio of 13.15. The company has a Price to Book ratio of 2.47.
Based on the recent corporate insider activity of 126 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.
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The Kroger Co. engages 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. The combination food and drug Stores are the primary food store format.
