Companhia Brasileira de Distribuicao (NYSE:CBD) gapped up before the market opened on Thursday . The stock had previously closed at $15.23, but opened at $15.75. Companhia Brasileira de Distribuicao shares last traded at $16.89, with a volume of 631,768 shares trading hands.

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

The firm’s 50 day moving average price is $13.39 and its 200 day moving average price is $12.25. The company has a market capitalization of $4.48 billion and a price-to-earnings ratio of 59.16.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP raised its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,095,051 shares of the company’s stock after buying an additional 110,038 shares during the period. Brandes Investment Partners LP owned about 0.79% of Companhia Brasileira de Distribuicao worth $22,040,000 as of its most recent filing with the SEC.

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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