Companhia Brasileira de Distribuicao (CBD) Stock Price Down 2.6%
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded down 2.6% on Wednesday . The company traded as low as $15.83 and last traded at $16.10, with a volume of 288,641 shares trading hands. The stock had previously closed at $16.53.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Deutsche Bank AG upgraded 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 issued a hold rating and one has issued a buy rating to the company. Companhia Brasileira de Distribuicao has an average rating of “Hold” and an average price target of $10.17.
The company has a 50 day moving average of $15.69 and a 200 day moving average of $13.36. The firm’s market cap is $4.32 billion.
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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