Companhia Brasileira de Distribuicao (CBD) Trading Up 3.2%
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) were up 3.2% during trading on Friday . The company traded as high as $16.15 and last traded at $16.13, with a volume of 200,844 shares trading hands. The stock had previously closed at $15.63.
CBD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Deutsche Bank AG raised 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 stock currently has a consensus rating of “Hold” and an average price target of $12.50.
The firm has a 50-day moving average price of $16.09 and a 200 day moving average price of $13.82. The company’s market cap is $4.30 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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