Shoprite (OTCMKTS:SRGHY) Shares Up 1.7% – What’s Next?

by · The Cerbat Gem

Shares of Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $16.40 and last traded at $16.40. 2,603 shares were traded during trading, a decline of 67% from the average session volume of 7,968 shares. The stock had previously closed at $16.1250.

Wall Street Analysts Forecast Growth

Separately, Investec raised shares of Shoprite to a “buy” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Shoprite presently has an average rating of “Buy”.

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Shoprite Price Performance

The business has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $15.97.

Shoprite Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 9th. Investors of record on Monday, September 29th were issued a $0.2052 dividend. The ex-dividend date was Friday, September 26th. This represents a yield of 184.0%. Shoprite’s dividend payout ratio is currently 60.55%.

Shoprite Company Profile

(Get Free Report)

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.

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