Zacks Research Downgrades Colruyt (OTCMKTS:CUYTY) to Hold

Colruyt (OTCMKTS:CUYTY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Oddo Bhf upgraded Colruyt to an “outperform” rating in a research report on Friday, June 12th. Sanford C. Bernstein started coverage on Colruyt in a report on Friday, May 15th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada initiated coverage on shares of Colruyt in a report on Monday, July 6th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Colruyt Price Performance

Colruyt stock opened at $10.82 on Monday. The stock has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $9.89. Colruyt has a 12 month low of $9.34 and a 12 month high of $11.43. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

Colruyt Company Profile

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.