Our opinion on the current state of SHOPRIT(SHP)Shoprite (SHP) is Africa's largest grocery retailer and consumer goods company. Despite facing intense price competition, which has limited supermarkets' ability to pass on price increases, the company has shown resilience. Its share price, which fell from R275 in March 2018 to around R100 in July 2
0.67 USD
333.88 M USD
12.86 B USD
About SHOPRITE HOLDINGS LTD
Sector
Industry
CEO
Pieter Christiaan Engelbrecht
Website
Headquarters
Brackenfell
Founded
1979
FIGI
BBG005NTYHB2
Shoprite Holdings Ltd. is an investment company, which engages in the management of retail stores. It operates through the following segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating Segment. The Supermarkets RSA segment includes Shoprite, Checkers, Checkers Hyper, and Usave brands in South Africa. The Supermarkets Non-RSA consists of Shoprite, Checkers, and Usave brands outside of South Africa. The Furniture segment involves the OK Furniture, OK Power Express, and House and Home brands trading in RSA and Non-RSA. The Other segment offers trading in RSA and Non-RSA, including franchise operations, and retail and wholesale of pharmaceutical products. The company was founded in November 1979 and is headquartered in Brackenfell, South Africa.
Our opinion on the current state of SHOPRIT(SHP)Shoprite (SHP) is the largest grocery retailer and consumer goods company in Africa. The company has faced intense price competition, which has prevented supermarkets from fully passing on price increases to consumers. The share price experienced a significant decline from a high of R275 in March 20
Our opinion on the current state of SHOPRITE(SHP)Shoprite, Africa's largest grocery retailer and consumer goods company, has navigated intense competitive pressures in the market, which has historically prevented supermarkets from significantly marking up prices due to price competition. The company's share price experienced a significant dip, fal
SHP: bouncing form support?A price action above 25100 supports a bullish trend direction.
Further bullish confirmation for a break above 25800.
The target price is set at 26800 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 24100 (its 78.6% retracement level).
Testing its 200-day simple moving average,
Our opinion on the current state of SHPShoprite Holdings Limited, as Africa's preeminent grocery retailer and consumer goods company, has exhibited remarkable resilience and strategic acumen in navigating the complex landscape of the African retail sector. Despite the challenges posed by intense price competition, which has restricted th
Our opinion on the current state of SHPShoprite Holdings Limited, as Africa's preeminent grocery retailer and consumer goods company, has exhibited remarkable resilience and strategic acumen in navigating the complex landscape of the African retail sector. Despite the challenges posed by intense price competition, which has restricted th
Our opinion on the current state of SHPShoprite Holdings Limited (SHP), recognized as Africa's largest grocery retailer and consumer goods company, has navigated a complex retail environment marked by intense price competition that has historically constrained supermarkets from passing on price increases to consumers. Despite experiencin
Our opinion on the current state of SHPShoprite (SHP) is the largest grocery retailer and consumer goods company in Africa. Intense price competition has prevented supermarkets from passing on price increases to consumers. The share price was hammered down from a high of R275 in March 2018 to levels around R100 in July 2020 but has since
Flagging the Bulls: Breaking Out from a Falling Flag Formation!Shoprite
Flagging the Bulls: Breaking Out from a Falling Flag Formation!
1.Price Formation: The price has broken out from a falling flag price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.