Companhia Brasileira de Distribuicao (CBD) Trading 2.2% Higher
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 2.2% during trading on Wednesday . The company traded as high as $16.62 and last traded at $16.62, with a volume of 517,647 shares traded. The stock had previously closed at $16.26.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Deutsche Bank AG raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Tuesday, June 7th. One investment 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. Companhia Brasileira de Distribuicao presently has a consensus rating of “Hold” and a consensus target price of $10.17.
The stock’s 50 day moving average is $15.99 and its 200 day moving average is $13.61. The firm’s market capitalization is $4.34 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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