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.
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.
See Also: What is a balanced fund?
Receive News & Ratings for Shoprite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoprite and related companies with MarketBeat.com's FREE daily email newsletter.