COLRUYT SA/ADR (CUYTY) Rating Increased to Buy at Zacks Investment Research

COLRUYT SA/ADR (OTCMKTS:CUYTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $17.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 14.48% from the stock’s current price.

According to Zacks, “Colruyt SA engages in the retail and distribution of food and non-food products as well as fuels. Its operating segment includes Retail, Wholesale and Food Service, and Other Activities. Retail segment includes stores under the management that directly supplies retail customers and bulk consumers. Wholesale and Food Service segment supplies wholesalers, bulk customers, and affiliated independent merchants. Other Activities segment includes businesses such as filling stations, printing and document management and alternative energy. Colruyt SA is headquartered in Halle, Belgium. “

Shares of COLRUYT SA/ADR stock remained flat at $$14.85 during trading hours on Monday. The stock had a trading volume of 5 shares, compared to its average volume of 50. The company has a quick ratio of 0.44, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.92 billion, a P/E ratio of 19.54, a PEG ratio of 4.05 and a beta of 0.14. COLRUYT SA/ADR has a 12 month low of $12.08 and a 12 month high of $15.26.

COLRUYT SA/ADR Company Profile

Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, and food service activities in Belgium, France, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. The company operates food retail store network that includes 239 Colruyt stores, 135 OKay stores, 27 Bio- Planet stores, and 3 Cru stores, as well as 43 Dreamland stores in Belgium and 2 in France.

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