Carrefour (EPA:CA) has been assigned a €15.50 ($18.02) target price by JPMorgan Chase & Co. in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.61% from the company’s current price.
A number of other research analysts also recently issued reports on the company. UBS Group set a €22.50 ($26.16) price objective on Carrefour and gave the company a “buy” rating in a research note on Friday. HSBC set a €21.00 ($24.42) price target on Carrefour and gave the stock a “buy” rating in a report on Monday, September 9th. Goldman Sachs Group set a €15.90 ($18.49) price target on Carrefour and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Barclays set a €17.50 ($20.35) price target on Carrefour and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Sanford C. Bernstein set a €15.50 ($18.02) price target on Carrefour and gave the stock a “sell” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Carrefour has an average rating of “Hold” and a consensus price target of €17.68 ($20.56).
Shares of EPA:CA traded up €0.16 ($0.19) during mid-day trading on Tuesday, reaching €15.60 ($18.13). 2,526,211 shares of the company traded hands, compared to its average volume of 3,450,000. The stock’s 50 day simple moving average is €15.84. Carrefour has a 52 week low of €16.31 ($18.97) and a 52 week high of €23.68 ($27.53).
Carrefour Company Profile
Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce sites and m-commerce channels; and service stations.
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