Companhia Brasileira de Distribuicao (CBD) Shares Down 1.8%
Companhia Brasileira de Distribuicao (NYSE:CBD)’s share price fell 1.8% during trading on Friday . The stock traded as low as $16.08 and last traded at $16.11, with a volume of 1,175,185 shares changing hands. The stock had previously closed at $16.41.
Several brokerages recently commented on CBD. Zacks Investment Research raised 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 report on Tuesday, June 7th. One 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’s stock. The company has an average rating of “Hold” and a consensus price target of $12.50.
The firm’s market cap is $4.24 billion. The firm has a 50-day moving average of $16.04 and a 200 day moving average of $13.65.
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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