Safeway (NYSE: SWY) had its price target increased by Barclays Capital from $17.00 to $20.00 in a research report released on Friday morning. Barclays Capital currently has an underweight rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated an outperform rating on shares of Safeway in a research note to investors on Friday, March 8th. They now have a $28.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Safeway from $22.00 to $24.00 in a research note to investors on Thursday, March 7th. Finally, analysts at JPMorgan Chase reiterated a neutral rating on shares of Safeway in a research note to investors on Thursday, March 7th. They now have a $27.00 price target on the stock.
Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $23.31.
Safeway (NYSE: SWY) opened at 24.84 on Friday. Safeway has a 1-year low of $14.73 and a 1-year high of $25.24. The stock’s 50-day moving average is currently $21.91. The company has a market cap of $5.889 billion and a price-to-earnings ratio of 10.35.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 11th. Stockholders of record on Monday, March 25th will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 21st.
Safeway Inc. (NYSE: SWY) is a food and drug retailer in North America. As of December 3 1, 2011, the Company had 1,678 stores.
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