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

Carrefour SA (OTCMKTS:CRRFYGet Free Report)’s stock price gapped up before the market opened 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group raised 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 research note on Monday, July 6th. They set a “moderate buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Carrefour

Carrefour Stock Down 0.1%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The business’s 50 day simple moving average is $3.73 and its 200-day simple moving average is $3.75.

Carrefour Company Profile

(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.

Further Reading

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