Carrefour: Barclays stays neutral ahead of results

(CercleFinance.com) - On Thursday an analyst at Barclays confirmed a "neutral" rating on the Carrefour stock, pending 2019 results that should not reveal "any major surprise".


"Carrefour FY19 numbers should not reveal any major surprise. Sales have already been released in January and the group then guided towards FY19 group EBIT of E2,090mn with operating profit in France growing by double digit," the broker expects.

Barclays has therefore confirmed its target price of 17.50 euros for the share.


Copyright (c) 2020 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.