Carrefour (OTCMKTS:CRRFY) Hits New 52-Week High – Here’s Why

Shares of Carrefour SA (OTCMKTS:CRRFY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.05 and last traded at $4.05, with a volume of 42952 shares traded. The stock had previously closed at $3.90.

Analysts Set New Price Targets

Several brokerages have issued reports on CRRFY. Jefferies Financial Group downgraded shares of Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Oddo Bhf raised Carrefour to a “neutral” rating in a report on Thursday, April 23rd. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Carrefour Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63. The business’s 50-day moving average price is $3.74 and its two-hundred day moving average price is $3.42.

About Carrefour

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.