Carrefour (OTCMKTS:CRRFY) Shares Gap Up – Here’s Why
by Sarita Garza · The Markets DailyCarrefour SA (OTCMKTS:CRRFY – Get Free Report) shares 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 trading hands.
Analysts Set New Price Targets
Separately, Oddo Bhf raised Carrefour to a “neutral” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrefour currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Carrefour
Carrefour Stock Down 0.3%
The stock’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $3.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63.
Carrefour Company Profile
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.