RBC Capital Reaffirms Their Buy Rating on Supervalu Inc

By Carrie Williams

In a report released today, William Kirk from RBC Capital reiterated a Buy rating on Supervalu Inc (NYSE: SVU), with a price target of $6. The company’s shares opened today at $3.85.

According to TipRanks.com, Kirk is a 1-star analyst with an average return of -1.4% and a 46.1% success rate. Kirk covers the Services sector, focusing on stocks such as Performance Food Group, United Natural Foods, and Wal-Mart Stores Inc.

Supervalu Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.17.

The company has a one year high of $5.74 and a one year low of $3.20. Currently, Supervalu Inc has an average volume of 3.99M.

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SUPERVALU, Inc. engages in the distribution of food and grocery store operations. It operates through the following segments: Wholesale, Save-A-Lot, and Retail. The Wholesale segment engages in wholesale distribution to independently-owned retail food stores and other customers. The Save-A-Lot segment involves the sale of groceries at retail locations operated and licensed by the company. The Retail segment includes the sale of groceries at retail locations it operates. The company was founded in 1925 and is headquartered in Eden Prairie, MN.