Jefferies Keeps Their Hold Rating on Natural Grocers

By Ryan Adsit

Jefferies analyst Christopher Mandeville reiterated a Hold rating on Natural Grocers (NYSE: NGVC) today and set a price target of $8. The company’s shares opened today at $8.08, close to its 52-week low of $7.92.

According to TipRanks.com, Mandeville is a 2-star analyst with an average return of 0.5% and a 44.8% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Papa John’s International, and Walgreens Boots Alliance.

Natural Grocers has an analyst consensus of Hold, with a price target consensus of $11.50.

The company has a one year high of $14.21 and a one year low of $7.92. Currently, Natural Grocers has an average volume of 101.3K.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.

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Natural Grocers by Vitamin Cottage, Inc. operates natural and organic grocery and dietary supplement stores. It offers the following product categories, natural and organic food, dietary supplements, natural body care, household and pet care products. The company was founded by Margaret Isely and Henry Philip Isely in 1955 and is headquartered in Lakewood, CO.,00DZN6-E