JP Morgan Upgrades Cnova NV to Overweight

Brokerage firm JP Morgan Upgrades its rating on Cnova NV(NASDAQ:CNV). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Apr 13, 2016.

In a different note, On Feb 25, 2016, Deutsche Bank said it Maintains its rating on Cnova NV. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Hold’ by the firm.

Cnova NV (CNV) made into the market gainers list on Fridays trading session with the shares advancing 9.00% or 0.27 points. Due to strong positive momentum, the stock ended at $3.27, which is also near the day’s high of $3.2875. The stock began the session at $3.01 and the volume stood at 4,98,927 shares. The 52-week high of the shares is $6.7 and the 52 week low is $2.02. The company has a current market capitalization of $1,443 M and it has 44,12,97,850 shares in outstanding.

Cnova N.V. is an e-commerce company with operations in Europe Latin America Asia and Africa. The Company operates in two segments: Cdiscount and Cnova Brazil. Cdiscount segment consists of amounts earned from retail sales of consumer products through and Websites in France and other Websites created by Cdiscount outside of France. Cnova Brazil consists of amounts earned from retail sales of consumer products through Websites in Brazil wholesale activities and E-Hub. The Company also operates sites in France including Comptoir Sante which offers health and beauty products; which is focused on home decor; which is focused on apparel; which is an online seller of infant care products and toys and which is an online seller of home improvement products for the do-it-yourself (DIY) consumers.

Leave a Reply

Cnova NV - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cnova NV. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.