Analyst Price Target Update on SuperValu (NYSE:SVU)

SuperValu (NYSE:SVU): 4 Analyst have given the stock of SuperValu (NYSE:SVU) a near short term price target of $6.88. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.1. The higher price target estimate is at $10 while the lower price estimates are fixed at $6.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, 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 (NYSE:SVU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.13 points or 2.78% at $4.55 with 1,520,691 shares getting traded. Post opening the session at $4.64, the shares hit an intraday low of $4.515 and an intraday high of $4.73 and the price was in this range throughout the day. The company has a market cap of $1,209 million and the number of outstanding shares have been calculated to be 265,635,560 shares. The 52-week high of SuperValu (NYSE:SVU) is $9.37 and the 52-week low is $3.94.

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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