Barclays assumed coverage on shares of Grocery Outlet (NYSE:GO) in a research report issued on Monday, Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $32.00 price target on the stock. Barclays‘s target price points to a potential downside of 8.07% from the company’s current price.
Several other brokerages have also commented on GO. Telsey Advisory Group began coverage on Grocery Outlet in a research note on Monday. They set an “outperform” rating and a $40.00 price target for the company. Goldman Sachs Group reissued a “buy” rating and issued a $70.00 price target on shares of Total in a report on Monday. Bank of America reissued a “buy” rating and issued a $78.00 price target on shares of Citigroup in a report on Monday. Finally, Cowen started coverage on Wave Life Sciences in a report on Monday. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $36.75.
Grocery Outlet stock opened at $34.81 on Monday. Grocery Outlet has a 1-year low of $27.75 and a 1-year high of $36.09.
About Grocery Outlet
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
Featured Article: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for Grocery Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grocery Outlet and related companies with MarketBeat.com's FREE daily email newsletter.