Colruyt (OTCMKTS:CUYTY) Reaches New 1-Year High Following Analyst Upgrade

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY)’s stock price hit a new 52-week high during trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $10.40 and last traded at $10.40, with a volume of 301 shares changing hands. The stock had previously closed at $9.56.

Other equities research analysts have also recently issued reports about the stock. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research report on Friday, June 12th. Sanford C. Bernstein began coverage on Colruyt in a report on Friday, May 15th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Colruyt Trading Up 0.6%

The firm’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $9.54.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.