Carrefour: Invest Securities trims target price
(CercleFinance.com) - Maintaining its "neutral" position on Carrefour shares, Invest Securities has trimmed its target price for them from 16.
5 euros to 16 euros, after the food retail giant unveilved its Q3 sales figures.
Carrefour has been under pressure from a very demanding reference base, as well as the ongoing rebalancing of consumption between home and away from home, the broker notes, adding that few countries are escaping a negative trend, not even France.
In short, what can we expect from Carrefour on the stockmarket when its apparent value status stumbles on a growth trajectory that is far too modest to revive investors' interest? the analyst asks.
The share is currently up over 1%, while the CAC 40 is down almost 0.5%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros to 16 euros, after the food retail giant unveilved its Q3 sales figures.
Carrefour has been under pressure from a very demanding reference base, as well as the ongoing rebalancing of consumption between home and away from home, the broker notes, adding that few countries are escaping a negative trend, not even France.
In short, what can we expect from Carrefour on the stockmarket when its apparent value status stumbles on a growth trajectory that is far too modest to revive investors' interest? the analyst asks.
The share is currently up over 1%, while the CAC 40 is down almost 0.5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.