Shares of Kroger have risen and outpaced the industry in the past year. The company has been undertaking efforts to strengthen position not only with respect to products but also in terms of the way consumers shop. Kroger trading under the ticker symbol KR on the New York Stock Exchange.
How can I buy Kroger stock?
Before you can start purchasing Kroger stock, you need to select a brokerage account to do it through. You can choose to go with a trading platform offered by a traditional financial company like Fidelity, Schwab or Vanguard, or you can look at online brokers like eToro, Ally or Robinhood.
Nowadays, you can easily find a stockbroker online. An online brokerage, also call a discount brokerage, charges lower commissions than what you would pay at a full-service brokerage. But generally you have to research and choose investments by yourself. A full-service brokerage costs more, but the higher commissions pay for investment advice based on that firm’s research.
Picking out individual stocks requires much more education than investing in diversified assets like index funds since stocks carry more risk. You can also work with a financial advisor to create an investment plan for yourself. If you’re disinclined to pay the fees that come with a financial advisor, consider opening an account with a robo-advisor. These automatic investment managers learn about your investor profile and build a portfolio accordingly.
Should you invest in Kroger
Is Kroger stock worth buying?
Kroger Co (KR) stock currently trading at $55.98. Over the past year the S&P 500 is higher by 6.62% while KR has risen 57.61%. Base on 18 analysts, the average rating from Wall Street analysts is a Hold. In addition to the average rating from Wall Street analysts, KR stock has a mean target price of $53.24. This means analysts expect the stock to decrease -4.74% over the next 12 months.