Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one (NYSE:CBD) traded at a new 52-week high today of $17.46. So far today approximately 368,000 shares have been exchanged, as compared to an average 30-day volume of 788,000 shares.
Companhia Brasileira De Distribuicao, or GPA, is part of Casino Group, a Brazilian retail and distribution group. The company has a multichannel, multiformat, and multiregional approach. It operates in Latin America. GPA operates various store concepts under different names: MultiVarejo (Pao de Acucar, Extra and Proximity units), Assai Atacadista, Via Varejo, GPA Malls, and Cnova. The firm’s specialties include supermarkets, hypermarkets, electronics and household appliances, convenience stores, its cash-and-carry segment, and e-commerce operations.
Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one (NYSE:CBD) defies analysts with a current price ($17.15) 2.7% above its average consensus price target of $16.69.
Over the past year, Companhia Brasileira de Distribuicao American Depsitary Shares; each representing one has traded in a range of $9.39 to $17.46 and is now at $17.15, 83% above that low.
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