Companhia Brasileira de Distribuicao Stock Rating Reaffirmed by JPMorgan Chase & Co. (CBD)
Companhia Brasileira de Distribuicao (NYSE:CBD)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday, AnalystRatingsNetwork.com reports.
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 4.18% during mid-day trading on Wednesday, hitting $41.86. 730,114 shares of the company’s stock traded hands. Companhia Brasileira de Distribuicao has a 1-year low of $38.70 and a 1-year high of $57.30. The stock has a 50-day moving average of $43.21 and a 200-day moving average of $45.26. The company has a market cap of $11.055 billion and a price-to-earnings ratio of 21.60.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Companhia Brasileira de Distribuicao in a research note to investors on Thursday, December 19th. They now have a $47.00 price target on the stock. Analysts at TheStreet upgraded shares of Companhia Brasileira de Distribuicao to a “buy” rating in a research note to investors on Monday, November 18th.
Companhia Brasileira De Distribuicao (NYSE:CBD) is a Brazil-based food retailer.
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