Price Don’t Lie: Does Companhia Brasileira de Distribuicao-ADR Have More Gas After Reaching 52-Week High?

Price Don't Lie: Does Companhia Brasileira de Distribuicao ADR Have More Gas After Reaching 52 Week High?

The stock of Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) hit a new 52-week high and has $26.34 target or 36.00% above today’s $19.37 share price. The 5 months bullish chart indicates low risk for the $4.92B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $26.34 price target is reached, the company will be worth $1.77 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 62,352 shares traded hands. Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) has risen 36.31% since April 5, 2016 and is uptrending. It has outperformed by 34.35% the S&P500.

Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) Ratings Coverage

Out of 5 analysts covering Companhia Brasileira de Distribuicao (NYSE:CBD), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. $13 is the highest target while $5.50 is the lowest. The $9.25 average target is -52.25% below today’s ($19.37) stock price. Companhia Brasileira de Distribuicao has been the topic of 7 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Tuesday, October 13 to “Underweight”. The rating was downgraded by Bank of America to “Underperform” on Friday, October 16. On Monday, November 9 the stock rating was downgraded by Citigroup to “Neutral”. The firm has “Hold” rating by HSBC given on Thursday, November 3. On Monday, November 9 the stock rating was downgraded by Nomura to “Neutral”.

According to Zacks Investment Research, “Companhia Brasileira de Distribuição is engaged in retail business. It operates through four segments: Food Retail, Self-Service Wholesale, Home Appliances and E-commerce. The company’s product include beverages, fruits, vegetables, meat, bread, cold cuts, dairy products, cleaning products, disposable products, personal care products, baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, handcraft, toys, sports and camping gear, furniture, mattresses, pet products, gardening products, personal computers, software, computer accessories, sound and image systems. It also provides medications and cosmetics at its drugstores and non-food products at gas stations. The company serves through hypermarkets, supermarkets, specialized and department stores and e-commerce. Companhia Brasileira de Distribuição, formerly known as Pao Acucar, is headquartered in São Paulo, Brazil.”

More news for Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) were recently published by: Benzinga.com, which released: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” on September 22, 2015. Dividend.com‘s article titled: “KR Dividend History” and published on June 29, 2008 is yet another important article.

CBD Company Profile

Companhia Brasileira de Distribuicao, incorporated on November 10, 1981, 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 through various trade names, e-commerce platforms and neighborhood shopping center flag Conviva. The Company’s operating divisions include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment. The Firm is engaged in activities of retail stores located in approximately 20 states and the Federal District of Brazil. The Company’s Retail segment includes the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado, Minimercado Extra, Posto Extra, Drogaria Extra and GPA Malls & Properties. The Home appliances segment includes the banners Ponto Frio and Casas Bahia. The Company’s Cash & Carry segment includes the brand Assai. The E-commerce segment includes the sites www.pontofrio.com.br, www.extra.com.br, www.casasbahia.com.br, www.barateiro.com.br, www.partiuviagens.com.br and www.cdiscount.com.br.

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