Etn. Fr. Colruyt NV (OTCMKTS:CUYTY) Receives Average Rating of “Hold” from Analysts

Shares of Etn. Fr. Colruyt NV (OTCMKTS:CUYTY – Get Rating) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.93.

CUYTY has been the topic of several analyst reports. Morgan Stanley initiated coverage on Etn. Fr. Colruyt in a research report on Friday, December 2nd. They set an “underweight” rating on the stock. Jefferies Financial Group raised Etn. Fr. Colruyt from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Barclays cut their target price on Etn. Fr. Colruyt from €25.00 ($27.17) to €23.00 ($25.00) in a research report on Tuesday, November 22nd. The Goldman Sachs Group downgraded Etn. Fr. Colruyt from a “buy” rating to a “neutral” rating in a research report on Friday, September 30th. Finally, JPMorgan Chase & Co. cut their target price on Etn. Fr. Colruyt from €23.30 ($25.33) to €22.80 ($24.78) and set an “underweight” rating on the stock in a research report on Monday, December 5th.

Etn. Fr. Colruyt Price Performance

Shares of CUYTY opened at $6.49 on Friday. The business’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $6.46. Etn. Fr. Colruyt has a 1 year low of $5.30 and a 1 year high of $10.95.

About Etn. Fr. Colruyt

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Colruyt SA engages in the retail and distribution of food and non-food products and fuels. It operates through the following segments: Retail, Wholesale and FoodService, and Other Activities. The Retail segment includes stores under the management that directly supplies retail customers and bulk consumers.