Carrefour (OTCMKTS:CRRFY) Shares Gap Up – Should You Buy?

Shares of Carrefour SA (OTCMKTS:CRRFY) gapped up before the market opened on Friday . The stock had previously closed at $3.47, but opened at $3.6040. Carrefour shares last traded at $3.60, with a volume of 7,270 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRRFY shares. Citigroup reissued a “buy” rating on shares of Carrefour in a research report on Thursday, December 11th. DZ Bank raised Carrefour from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group cut Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Carrefour Stock Performance

The firm’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $3.15. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.