Colruyt (OTCMKTS:CUYTY) Reaches New 12-Month High on Analyst Upgrade

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s share price hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $10.40 and last traded at $10.40, with a volume of 301 shares changing hands. The stock had previously closed at $9.56.

Several other equities research analysts have also recently commented on CUYTY. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research report on Friday, June 12th. Sanford C. Bernstein initiated coverage on shares of Colruyt in a research note on Friday, May 15th. They set a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colruyt presently has a consensus rating of “Moderate Buy”.

Colruyt Stock Performance

The stock’s 50-day moving average is $9.71 and its two-hundred day moving average is $9.54.

About Colruyt

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.