Shoprite (OTCMKTS:SRGHY) Stock Rating Upgraded by Citigroup

Shoprite (OTCMKTS:SRGHY) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

Separately, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Shoprite from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 24th.

Shares of SRGHY stock opened at $11.53 on Friday. The firm’s 50-day moving average price is $10.68. Shoprite has a twelve month low of $5.89 and a twelve month high of $11.93.

About Shoprite

Shoprite Holdings Limited, an investment holding company, primarily engages in the food retailing business in South Africa and other African countries. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetic, and liquor products; furniture, bedding, loose carpeting, home entertainment, and floor covering products; and liquors, electrical and household appliances, and soft furnishings.

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