JPMorgan Chase & Co. upgraded shares of SHOPRITE HOLDIN/S (OTCMKTS:SRGHY) from an underweight rating to an overweight rating in a research report report published on Monday, The Fly reports.

Shares of SHOPRITE HOLDIN/S stock opened at $8.40 on Monday. The company has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $10.95. SHOPRITE HOLDIN/S has a 12-month low of $7.09 and a 12-month high of $14.77.


Shoprite Holdings Limited, an investment holding company, primarily engages in the food retailing business. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment, and floor covering products; and cosmetics, liquors, electrical and household appliances, and soft furnishings.

Further Reading: What is an inverted yield curve?

The Fly

Receive News & Ratings for SHOPRITE HOLDIN/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SHOPRITE HOLDIN/S and related companies with's FREE daily email newsletter.