RBC Capital Remains a Hold on Natural Grocers

By Austin Angelo

In a report released today, William Kirk from RBC Capital reiterated a Hold rating on Natural Grocers (NYSE: NGVC), with a price target of $15. The company’s shares closed yesterday at $9.48, close to its 52-week low of $9.23.

According to TipRanks.com, Kirk is a 1-star analyst with an average return of -0.9% and a 46.7% success rate. Kirk covers the Services sector, focusing on stocks such as Performance Food Group, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Natural Grocers is Hold and the average price target is $12.50, representing a 31.9% upside.

In a report issued on May 4, Oppenheimer also reiterated a Hold rating on the stock.

Natural Grocers’ market cap is currently $217M and has a P/E ratio of 23.12. The company has a book value ratio of 1.6116.

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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.