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Here’s Why Kroger Shares Have Surged Nearly 13% As The Market Plunges

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I am a New York—based reporter for Forbes covering breaking news, with a focus on financial topics. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter @skleb1234 or email me at sklebnikov@forbes.com

Crucial statistics:

Wall Street analysts are quite bullish on the stock: 22 of them give it either a “buy” or “hold” rating, while just one gives it a “sell” rating, according to Bloomberg data. Firms like Guggenheim and Telsey Advisory Group see the stock rising to $37 per share and $39 per share, respectively, while other firms like JPMorgan put the price target at current levels of around $32 per share.

 

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