Barclays Initiates Coverage on Grocery Outlet (NYSE:GO)
Barclays initiated coverage on shares of Grocery Outlet (NYSE:GO) in a research note published on Monday morning, Briefing.com Automated Import reports. The firm issued an equal weight rating and a $32.00 price objective on the stock.
Several other brokerages have also weighed in on GO. Telsey Advisory Group assumed coverage on shares of Grocery Outlet in a report on Monday. They set an outperform rating and a $40.00 price objective on the stock. Cowen reiterated a buy rating on shares of Avrobio in a report on Monday. Bank of America set a $68.00 price objective on shares of Inphi and gave the stock a buy rating in a report on Monday. Finally, Goldman Sachs Group reiterated a buy rating and set a $70.00 price objective on shares of Total in a report on Monday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $36.75.
Shares of GO stock opened at $35.45 on Monday. Grocery Outlet has a 1-year low of $27.75 and a 1-year high of $36.60.
Grocery Outlet Company Profile
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.
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