Companhia Brasileira de Distribuicao (NYSE:CBD) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.58, but opened at $14.68. Companhia Brasileira de Distribuicao shares last traded at $15.13, with a volume of 549,237 shares trading hands.

A number of research analysts have issued reports 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.17.

The stock’s market cap is $4.12 billion. The firm’s 50 day moving average price is $15.01 and its 200 day moving average price is $12.90.

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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