Companhia Brasileira de Distribuicao (NYSE:CBD) shares saw strong trading volume on Monday . 961,740 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 740,198 shares.The stock last traded at $14.79 and had previously closed at $14.60.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Deutsche Bank AG raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research report on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Companhia Brasileira de Distribuicao currently has a consensus rating of “Hold” and an average target price of $10.17.

The stock has a market capitalization of $3.96 billion and a price-to-earnings ratio of 52.32. The firm’s 50 day moving average price is $12.84 and its 200 day moving average price is $12.12.

An institutional investor recently raised its position in Companhia Brasileira de Distribuicao stock. Russell Frank Co boosted its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557,178 shares of the company’s stock after buying an additional 573,806 shares during the period. Russell Frank Co owned approximately 0.59% of Companhia Brasileira de Distribuicao worth $16,538,000 at the end of the most recent quarter.

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

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