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

Carrefour SA (OTCMKTS:CRRFYGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.81, but opened at $3.94. Carrefour shares last traded at $3.94, with a volume of 1,039 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRRFY. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada initiated coverage on Carrefour in a report on Monday, July 6th. They set a “moderate buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on CRRFY

Carrefour Price Performance

The business’s 50 day moving average is $3.72 and its 200 day moving average is $3.75. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

About Carrefour

(Get Free Report)

Carrefour SA is a French multinational retail company that operates hypermarkets, supermarkets, convenience stores and cash-and-carry outlets. Its product offerings include groceries, fresh food, consumer goods, household products, clothing and selected non-food merchandise. The company also serves customers through e-commerce platforms and offers private-label products and related services.

Founded in 1959, Carrefour opened one of the world’s first hypermarkets in Sainte-Geneviève-des-Bois, France, in 1960.

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