Societe Generale Gains Confidence in Carrefour (EPA:CA). Will Other Analysts Follow?

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Carrefour (EPA:CA) Stock Upgrade

The stock rating of Carrefour (EPA:CA) shares was lifted by investment analysts at Societe Generale to a respectable “Buy”. They currently have a TP of EUR 38.00 on CA. Societe Generale’s TP would now indicate a possible upside of 38.99% from the close price of the company.

From a total of 11 analysts covering Carrefour (EPA:CA) stock, 2 rate it a ”Buy”, 4 a “Sell”, and 9 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is €38 while the lowest target price is €22.5. The mean of all analyst targets is €29.59 with a 18.35% above today’s (€27.25) stock price. Carrefour was the topic of 5 analyst reports since September 16, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on October 21 with “Hold” rating. Goldman Sachs maintained CA stock in a recent report from October 15 with “Neutral” rating.

The stock decreased 2.70% or EUR 0.75 on December 3, striking EUR 27.25. Approximately 5.12M shares of stock traded hands or 103.98% up from the average. Carrefour SA (EPA:CA) has declined 11.21% since May 1, 2015 and is downtrending. It has underperformed by 10.92% the S&P500.

 Societe Generale Gains Confidence in Carrefour (EPA:CA). Will Other Analysts Follow?

Carrefour SA is a France-based company that is primarily engaged in retail distribution sector. The company has a market cap of 20.12 billion EUR. The Firm operates a network of hypermarkets, supermarkets, hard discount stores, convenience stores and cash-and-carry outlets and offers e-commerce services. It has 20.61 P/E ratio. The Company’s hypermarkets named Carrefour offer a range of food and non-food products.

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