Carrefour (OTCMKTS:CRRFY) Shares Gap Up – Time to Buy?

Shares of Carrefour SA (OTCMKTS:CRRFYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.47, but opened at $3.61. Carrefour shares last traded at $3.63, with a volume of 723 shares changing hands.

Analysts Set New Price Targets

Separately, Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on CRRFY

Carrefour Stock Down 1.1%

The firm’s 50 day moving average is $3.86 and its 200 day moving average is $3.63. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

Carrefour Company Profile

(Get Free Report)

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.

Recommended Stories

Receive News & Ratings for Carrefour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrefour and related companies with MarketBeat.com's FREE daily email newsletter.