China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.38, but opened at $5.76. China Resources Enterprise shares last traded at $5.72, with a volume of 1,257 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on China Resources Enterprise
China Resources Enterprise Stock Up 5.0%
China Resources Enterprise Company Profile
China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.
In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.
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