Carrefour (OTCMKTS:CRRFY) Hits New 12-Month High - Should You Buy?

Key Points

• Carrefour hit a new 52-week high intraday at $3.88 and last traded at $3.73 on light volume (3,554 shares), trading above its 50-day ($3.60) and 200-day ($3.31) moving averages.
• Analysts are mixed but generally positive — MarketBeat shows an average rating of "Buy" (one Strong Buy, two Buy, one Hold), with Jefferies recently cutting to Hold while Citigroup reaffirmed Buy.
• Financials show moderate leverage (debt-to-equity 0.83) and tight liquidity (quick ratio 0.63, current ratio 0.87), which investors should weigh against the recent price strength.

Shares of Carrefour SA (OTCMKTS:CRRFY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $3.88 and last traded at $3.73, with a volume of 3554 shares trading hands. The stock had previously closed at $3.78.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRRFY. Jefferies Financial Group cut shares of Carrefour from a "buy" rating to a "hold" rating in a report on Friday, January 30th. Citigroup reissued a "buy" rating on shares of Carrefour in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Carrefour Price Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The business has a 50 day moving average of $3.60 and a 200-day moving average of $3.31.

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.

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