Goldman Sachs Group began coverage on shares of Grocery Outlet (NYSE:GO) in a research note issued to investors on Monday morning, Benzinga reports. The brokerage issued a neutral rating and a $32.00 target price on the stock.
Separately, Telsey Advisory Group started coverage on Grocery Outlet in a report on Monday. They issued an outperform rating and a $40.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $36.75.
NYSE:GO opened at $35.45 on Monday. Grocery Outlet has a 1-year low of $27.75 and a 1-year high of $36.60.
About Grocery Outlet
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
Further Reading: Dividend Yield
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